Saturday, January 13, 2018

UPDATED 1/15/18: Even the big boys make mistakes: World Bank to correct "Doing Business" Index

Update from Paul Romer on Doing Business Index.

From the WSJ
The World Bank repeatedly changed the methodology of one of its flagship economic reports over several years in ways it now says were unfair and misleading.
The World Bank’s chief economist, Paul Romer, told The Wall Street Journal on Friday he would correct and recalculate national rankings of business competitiveness in the report called “Doing Business” going back at least four years. 
The revisions could be particularly relevant to Chile, whose standings in the rankings have been especially volatile in recent years and potentially tainted by the political motivations of World Bank staff, Mr. Romer said.

Solow Model from Wolfram

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