IDEAS home Printed from https://ideas.repec.org/a/spr/soinre/v127y2016i3d10.1007_s11205-015-1009-3.html
   My bibliography  Save this article

PPP GDP Per Capita for Countries of the World: A Comparison of the New ICP Results with World Bank Data

Author

Listed:
  • Rati Ram

    (Illinois State University)

Abstract

Benchmark estimates of Purchasing Power Parity (PPP) GDP per capita for the year 2011 recently released by the International Comparison Program (ICP) are compared with the corresponding estimates generated by the World Bank from the ICP benchmark years and countries. Large differences are noted between the two sets for many countries. Of the 163 countries for which numbers from both sources are available, the difference is at least $2000 or 25 % in 73 or about 45 % of the cases, and the differences are huge for a sizable proportion of the countries. The numerous users of World Bank data are urged to exercise caution in drawing strong conclusions in cross-country studies in which PPP GDP per capita is often a core variable. As an additional point, while the ICP 2005 was observed to have revealed the world to be more unequal than previously thought, the current ICP might be stated as doing the opposite.

Suggested Citation

  • Rati Ram, 2016. "PPP GDP Per Capita for Countries of the World: A Comparison of the New ICP Results with World Bank Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(3), pages 1057-1066, July.
    • Handle: RePEc:spr:soinre:v:127:y:2016:i:3:d:10.1007_s11205-015-1009-3
    DOI: 10.1007/s11205-015-1009-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11205-015-1009-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11205-015-1009-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. World Bank, 2008. "Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program," World Bank Publications - Books, The World Bank Group, number 21558, December.
    2. Bourguignon, Francois, 1979. "Decomposable Income Inequality Measures," Econometrica, Econometric Society, vol. 47(4), pages 901-920, July.
    3. Rati Ram, 2009. "International income distribution: comparing new ICP and the existing data," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 36(6), pages 652-658, May.
    4. World Bank, 2015. "World Development Indicators 2015," World Bank Publications - Books, The World Bank Group, number 21634, December.
    5. Rati Ram & Secil Ural, 2014. "Comparison of GDP Per Capita Data in Penn World Table and World Development Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 116(2), pages 639-646, April.
    6. World Bank, 2013. "World Development Indicators 2013," World Bank Publications - Books, The World Bank Group, number 13191, December.
    7. World Bank, 2011. "World Bank for Results 2011," World Bank Publications - Books, The World Bank Group, number 15792, December.
    8. World Bank, 2013. "Measuring the Real Size of the World Economy : The Framework, Methodology, and Results of the International Comparison Program—ICP," World Bank Publications - Books, The World Bank Group, number 13329, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lin, Boqiang & Xu, Bin, 2018. "How to promote the growth of new energy industry at different stages?," Energy Policy, Elsevier, vol. 118(C), pages 390-403.
    2. Lin, Boqiang & Chen, Yu, 2020. "Transportation infrastructure and efficient energy services: A perspective of China's manufacturing industry," Energy Economics, Elsevier, vol. 89(C).
    3. Lin, Boqiang & Chen, Yu, 2020. "Will land transport infrastructure affect the energy and carbon dioxide emissions performance of China’s manufacturing industry?," Applied Energy, Elsevier, vol. 260(C).
    4. Xu, Bin & Lin, Boqiang, 2018. "Assessing the development of China's new energy industry," Energy Economics, Elsevier, vol. 70(C), pages 116-131.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Balk, Bert M. & Rambaldi, Alicia N. & Rao, D. S. Prasada, 2022. "Macro-Economic Measures For A Globalized World: Global Growth And Inflation," Macroeconomic Dynamics, Cambridge University Press, vol. 26(2), pages 314-360, March.
    2. Chad M. Baum & Christian Gross, 2017. "Sustainability policy as if people mattered: developing a framework for environmentally significant behavioral change," Journal of Bioeconomics, Springer, vol. 19(1), pages 53-95, April.
    3. A. Kerem Co?ar & Nezih Guner & James Tybout, 2016. "Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy," American Economic Review, American Economic Association, vol. 106(3), pages 625-663, March.
    4. Bargain, Olivier & Jara Tamayo, Holguer Xavier & Kwenda, Prudence & Ntuli, Miracle, 2018. "Learning from the," IZA Discussion Papers 12017, Institute of Labor Economics (IZA).
    5. Niño-Zarazúa, Miguel & Roope, Laurence & Tarp, Finn, 2014. "Global interpersonal inequality Trends and measurement," MPRA Paper 52881, University Library of Munich, Germany.
    6. Abb, Pascal & Strüver, Georg, 2015. "Regional Linkages and Global Policy Alignment: The Case of China–Southeast Asia Relations," GIGA Working Papers 268, GIGA German Institute of Global and Area Studies.
    7. Menggen Chen, 2021. "Sub-National PPPs Based on House and Real Income Disparity across China: a Distinctive Spatial Deflator," The Journal of Real Estate Finance and Economics, Springer, vol. 62(2), pages 187-219, February.
    8. Ravallion, Martin, 2018. "An exploration of the changes in the international comparison program’s global economic landscape," World Development, Elsevier, vol. 105(C), pages 201-216.
    9. Alam, Mohammad Jahangir & Ahmed, Mumtaz & Begum, Ismat Ara, 2017. "Nexus between non-renewable energy demand and economic growth in Bangladesh: Application of Maximum Entropy Bootstrap approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 399-406.
    10. David Warner & Prasada Rao & William E. Griffiths & Duangkamon Chotikapanich, 2011. "Global Inequality: Levels and Trends, 1993-2005," Discussion Papers Series 436, School of Economics, University of Queensland, Australia.
    11. Martin Ravallion, 2016. "Toward better global poverty measures," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 14(2), pages 227-248, June.
    12. Zivanemoyo Chinzara & Radhika Lahiri & En Te Chen, 2017. "Financial liberalization and sectoral reallocation of capital in South Africa," Empirical Economics, Springer, vol. 52(1), pages 309-356, February.
    13. Robert Inklaar & D. S. Prasada Rao, 2017. "Cross-Country Income Levels over Time: Did the Developing World Suddenly Become Much Richer?," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(1), pages 265-290, January.
    14. Corrado Lo Storto, 2016. "Ecological Efficiency Based Ranking of Cities: A Combined DEA Cross-Efficiency and Shannon’s Entropy Method," Sustainability, MDPI, vol. 8(2), pages 1-29, January.
    15. Ore Koren, 2017. "Means to an end: Pro-government militias as a predictive indicator of strategic mass killing1," Conflict Management and Peace Science, Peace Science Society (International), vol. 34(5), pages 461-484, September.
    16. Olivier Bargain & Xavier Jara & Prudence Kwenda & Miracle Ntuli, 2019. "Learning from the ʻbestʼ: The impact of tax-benefit systems in Africa," WIDER Working Paper Series wp-2019-2, World Institute for Development Economic Research (UNU-WIDER).
    17. Vittorio Daniele & Paolo Malanima, 2019. "Trends in Mediterranean Inequalities 1950-2015," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 66(4), pages 385-410.
    18. Nada Hamadeh & Michel Mouyelo-Katoula & Paulus Konijn & Francette Koechlin, 2017. "Purchasing Power Parities of Currencies and Real Expenditures from the International Comparison Program: Recent Results and Uses," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 131(1), pages 23-42, March.
    19. Majumder,Amita & Ray,Ranjan & Santra,Sattwik, 2015. "Preferences, purchasing power parity, and inequality : analytical framework, propositions, and empirical evidence," Policy Research Working Paper Series 7395, The World Bank.
    20. D. S. Prasada Rao & Alicia N. Rambaldi & Bert M. Balk, 2015. "On Measuring Regional or Global Growth and Inflation," Discussion Papers Series 552, School of Economics, University of Queensland, Australia.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:soinre:v:127:y:2016:i:3:d:10.1007_s11205-015-1009-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.