Does PPP-adjusted data exaggerate the relative size of poor economies?
AbstractThough excellent for comparing living standards, conventional PPP-adjusted real income measures may be a poor basis for ranking economies by total size. They assign a far larger share of World output to poor countries than would a more relevant alternative based on valuing output using the equilibrium prices of an hypothetical world of full economic integration.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Applied Economics Letters.
Volume (Year): 8 (2001)
Issue (Month): 12 ()
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Web page: http://www.tandf.co.uk/journals/routledge/13504851.html
Other versions of this item:
- Honohan, Patrick, 1998. "Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies," CEPR Discussion Papers 1865, C.E.P.R. Discussion Papers.
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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- Fischer, Christoph, 2007. "An assessment of the trends in international price competitiveness among EMU countries," Discussion Paper Series 1: Economic Studies 2007,08, Deutsche Bundesbank, Research Centre.
- Jean-Pierre Dormois, 2006. "Tracking the elusive French productivity lag in industry 1840-1973," Hi-Stat Discussion Paper Series d05-152, Institute of Economic Research, Hitotsubashi University.
- Jean-Louis Warnholz (QEH), . "Poverty Reduction for Profit? A Critical Examination of Business Opportunities at the Bottom of the Pyramid," QEH Working Papers qehwps160, Queen Elizabeth House, University of Oxford.
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