Research papers and supporting documents for CHIP valuation
This follow-up study evaluates the robustness of the original CHIP value computation, initially proposed to anchor the MyCHIPs currency to the global average of one hour of unskilled work. It incorporates ICT (Information and Communications Technology) capital data to test whether the inclusion of technology-specific capital affects the CHIP estimate.
Calculating a reasonable CHIP estimate requires analyzing mountains of data from markets across the world. This page extrapolates the CHIP valuation estimate over time by adjusting the base value for US Dollar inflation, providing a means of estimating the present CHIP value between more complex recalculations.
This note presents a conceptual framework to quantify the baseline value of the CHIP currency tied to the global average of one hour of unskilled work. Econometric estimates using panel data from 89 world countries over the period 1992–2019 suggest the CHIP value of $2.53 per hour.
October 2023 update: Improved R code that accesses public APIs (ILO, FRED, Penn World Tables) to produce updated CHIP valuations and time series without manual data downloads.
A full reproduction of the original R-based study in Python, plus a modular workbench for exploring alternative models, weighting schemes, and temporal stability of the CHIP estimate. Validates the original $2.53 result and provides infrastructure for ongoing research.
All research code, data pipelines, original studies, and supporting documents are available in the open-source CHIP GitHub repository.