Category: Data Source
Africa fact of the day
This one is good news, sort of. Contrary to common claims, many African nations have HIV-positive rates of only two or three percent. The truly horrific rates of thirty percent or more appear restricted to the southern part of the continent. The incorrect estimates stem from placing too much weight on data from urban prenatal clinics.
Cambodia fact of the day
This January the US imported almost $3 billion in goods from France and almost $0.2 billion in goods from Cambodia. She collected about $30 million in tariffs on the imports from each country. In fact she collected slightly more from Cambodia.
Here is the full story.
World population 1500, and other maps
Here is a population-weighted map of the world, circa 1500:
Here is the projected world population map, circa 2050:
Here are other neat maps. Here are maps of tourism, emigration, and refugees. Here is my favorite, a map of the flow of net immigration. Or try this map of aircraft departures, watch Africa disappear. Here is the strange geography of fruit exports. Here is how to make South America look really big, or reallly small (can you guess?).
China fact of the day
A recent survey of 180 PhD holders found that 60 percent had paid to have their papers published and a similar percentage had copied others’ work.
Here is the link, and thanks to Yan Li for the pointer.
China fact of the day
Or is it Hispanamerica Fact of the Day?
…by 2015, the Hispanic population in the US will have spending power equal to 60 per cent of all consumers in China.
Here is the article, and no I don’t know which exchange rate (ppp or market) is used to make this comparison. Thanks to Pablo Halkyard for the pointer.
Hispanamerica
According to a new report released by the Census Bureau, Hispanic-owned businesses now comprise one of the fastest-growing segments the U.S. economy. Between 1997 and 2002, the number of businesses owned by Hispanics grew by 31 percent – three times the national average for all businesses – hitting 1.6 million in 2002 and generating some $222 billion in revenue.
Here is the link, here is another story. Have I mentioned that both the U.S. and Europe are, unwittingly, building new civilizations? Which one would you bet on?
Google finance
Check it out. I remain shocked that most newspapers still publish stock prices, although this will change rapidly.
China fact of the day
84 percent of new car sales in China are to first-time buyers. In the U.S., just 1 percent are.
That is from 20 March Business Week.
Data Prizes
I suspect greater payoffs will come from more data than from more technique.
So said Alan Greenspan and I think he is right. Think of how much important work, for example, has been based on the Summers-Heston, Penn World Tables. Yet, most of the time the collectors of data toil in the fields unrecognized and unrewarded. When original data is collected it’s often hoarded – better to mine it for yourself than open up the commons. Now, that is a tragedy.
We ought to increase rewards to data collection. As a salutary example, which might be emulated by the AEA and others, Mike Kellerman points to the Dataset Award given by the APSA Comparative Politics section for "a publicly
available data set that has made an important contribution to the field of
comparative politics."
Poll of the greatest 20th century economists
Given the source, expect a left-wing, anti-neoclassical perspective. Here are the tallies, with a much longer list at the link:
1. John Maynard Keynes 3,253
2. Joseph Alois Schumpeter 1,080
3. John Kenneth Galbraith 904
4. Amartya Sen 708
5. Joan Robinson 607
6. Thorstein Veblen 591
7. Michal Kalecki 481
8. Friedrich Hayek 469
9. Karl Polanyi 456
10. Piero Sraffa 383
11. Joseph Stiglitz 333
12. Kenneth Arrow 320
13. Milton Friedman 319
13. Paul Samuelson 319
15. Paul Sweezy 268
16. Herman Daly 267
17. Herbert Simon 250
18. Ronald Coase 246
19. Gunnar Myrdal 216
20. Alfred Marshall 211
At least Milton Friedman beat out Herman Daly. Poor John Hicks. And further down the list, does Pierangelo Garegnani, an obscure neo-Ricardian obsessed with commodity own-rates of return, deserve to place ahead of Franco Modigliani?
Thanks to www.politicaltheory.info for the pointer.
Long hair
Here are pictures of women with extremely long hair. Here is one image. Thanks to Cynical-C blog for the pointer.
Parking fact of the day
On average [in the U.S.] a new parking space has cost 17 percent more than a new car. Drivers may not realize it, but many parking spaces cost more than the cars parked in them, especially because cars depreciate in value much faster than parking spaces do…the parking supply is worth more than the vehicle stock.
That is from Donald Shoup’s The High Cost of Free Parking, a detailed, economically insightful, data-rich, and lengthy, impassioned plea for charging people for parking spaces. Here is Dan Klein’s excellent review of the book.
China fact of the day
That the [Shanghai pedestrian traffic] guards have no powers of arrest, or even the ability to issue tickets, allows many pedestrians to feel free to ignore them. What is worse, they are frequent targets of aggression from crowds of sneering and cursing pedestrians. According to the city government, they are physically assaulted at a rate of about 20 times a month. [emphasis added]
Here is the full and fascinating story of the traffic mess we call Shanghai. Any predictions on when the city turns into a mass of frozen gridlock? Or will they develop the technical infrastructure to institute road pricing, as Singapore has done?
Chicago fact of the day
The average wind speed down Michigan Ave.: 10.4 mph
The average wind speed in Boston: 12.5 mph
The average wind speed in New York City: 12.2 mph
The Windy City, anyone? It turns out the name was adopted in the 19th century to promote the city’s beaches. That is from Discover magazine, March 2006 issue, back page.
Update: Wikipedia offers a different perspective on the origins of the name. Read this too. The trail also leads to my childhood chess-playing friend Barry Popik.
Does the death penalty deter murders?
Here is a new and noteworthy NBER abstract:
Does the death penalty save lives? A surge of recent interest in this question has yielded a series of papers purporting to show robust and precise estimates of a substantial deterrent effect of capital punishment. We assess the various approaches that have been used in this literature, testing the robustness of these inferences. Specifically, we start by assessing the time series evidence, comparing the history of executions and homicides in the United States and Canada, and within the United States, between executing and non-executing states. We analyze the effects of the judicial experiments provided by the Furman and Gregg decisions and assess the relationship between execution and homicide rates in state panel data since 1934. We then revisit the existing instrumental variables approaches and assess two recent state-specific execution morartoria. In each case we find that previous inferences of large deterrent effects based upon specific examples, functional forms, control variables, comparison groups, or IV strategies are extremely fragile and even small changes in the specifications yield dramatically different results. The fundamental difficulty is that the death penalty — at least as it has been implemented in the United States — is applied so rarely that the number of homicides that it can plausibly have caused or deterred cannot be reliably disentangled from the large year-to-year changes in the homicide rate caused by other factors. As such, short samples and particular specifications may yield large but spurious correlations. We conclude that existing estimates appear to reflect a small and unrepresentative sample of the estimates that arise from alternative approaches. Sampling from the broader universe of plausible approaches suggests not just "reasonable doubt" about whether there is any deterrent effect of the death penalty, but profound uncertainty — even about its sign.
Here is the paper. I have never been a big believer in retribution per se, as opposed to restraint or deterrence motivations for punishment.

