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Blog Post
December 15, 2021
This blog explores the extent to which countries use out of date information to estimate GDP and finds that low-income country (LICs) GDP could be a third higher than currently believed, and that lower middle-income country (LMICs) GDP could be over a quarter higher. In total, this would mean that 7...
Blog Post
December 14, 2021
We know that one of the main impacts of climate change will be an increase in all forms of mobility around the world. People will move in the wake of both sudden- and slow-onset disasters, responding to the negative impacts of climate change on their daily lives by seeking new lives and livelihoods ...
Blog Post
December 13, 2021
In the language of economists, opportunity cost refers to the return or other forms of benefit that we could have received, but gave up, to take another course of action. In mathematical terms, it is the difference between the utility of what we have chosen and that from the foregone choice. Or, in ...