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Parita kupní síly - nástroj mezinárodních srovnání
[Purchasing power parities - a tool of international comparisons]

Author

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  • Vojtěch Spěváček

Abstract

International comparison of gross domestic product and its component expenditures is based on the utilization of purchasing power parities which are conversion rates (both currency converters and price deflators). When GDPs of countries are converted to a common currency using PPPs, they are also revalued at common set of prices. The paper presents the concept of purchasing power parity and international comparison programmes of real expenditure on GDP. Particular attention is devoted to the last programme for 1999. The article explains both the methodology and the benchmark results of the 1999 round of Eurostat-OECD Purchasing Parity Programme.

Suggested Citation

  • Vojtěch Spěváček, 2003. "Parita kupní síly - nástroj mezinárodních srovnání [Purchasing power parities - a tool of international comparisons]," Politická ekonomie, Prague University of Economics and Business, vol. 2003(1), pages 59-78.
    • Handle: RePEc:prg:jnlpol:v:2003:y:2003:i:1:id:393
    DOI: 10.18267/j.polek.393
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    More about this item

    Keywords

    gross domestic product; national accounts; purchasing power parities; comparative price levels;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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