Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies

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Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies

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Honohan, Patrick

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Patrick Honohan

Abstract

Conventional PPP-adjusted real output measures, invaluable for making international comparisons of living standards, may greatly exaggerate the productive capacity of poor countries. The equilibrium prices of an hypothetical world of full economic integration provide an instructive basis for evaluating the potential share of different countries in world output.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1865.

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Date of creation: Apr 1998
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Handle: RePEc:cpr:ceprdp:1865

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Article
- Honohan, Patrick, 2001. "Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies?," Applied Economics Letters, Taylor and Francis Journals, vol. 8(12), pages 799-802, December. [Downloadable!] (restricted)

Find related papers by JEL classification:
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

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

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. [Downloadable!]
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. [Downloadable!]
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. [Downloadable!]

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