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2014 Annual Indices for Expatriates and Ordinary Residents on Cost of Living, Wages and Purchasing Power for World's Major Cities

Author

Listed:
  • Khee Giap Tan

    (Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, NUS, Singapore)

  • Kong Yam Tan

    (Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, NUS, Singapore)

  • Randong Yuan

    (Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, NUS, Singapore)

  • Le Phuong Anh Nguyen

    (Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, NUS, Singapore)

Abstract

There has been broad-base growth in wealth for cities all over the world, albeit increasingly unequal within and across cities. Some cities tend to grow faster than others, especially those emerging cities in Asia. We tend to observe longer periods of economic expansions compared to downturns with increasing volatility due to external shocks as cities are also increasingly open and interconnected. Such volatility would mean a less stable macroeconomic environment for cities causing fluctuations in prices and unemployment, as well as shares between private and public consumption.

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Suggested Citation

  • Khee Giap Tan & Kong Yam Tan & Randong Yuan & Le Phuong Anh Nguyen, 2016. "2014 Annual Indices for Expatriates and Ordinary Residents on Cost of Living, Wages and Purchasing Power for World's Major Cities," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 9087, August.
    • Handle: RePEc:wsi:wsbook:9087
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