True Multilateral Indexex for International Comparisons of Purchasing Power and Real Income
AbstractI consider the problem of choosing index numbers of puchasing power and real income for international comparisons. I show that the desirable properties of methods based on the Fisher Ideal index do not extend to multilateral comparisons, except when tastes are homothetic.
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Bibliographic InfoPaper provided by College Dublin, Department of Political Economy- in its series Papers with number 96/22.
Length: 26 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: Ireland; University College Dublin, Department of Political Economy, Centre for Economic Research, Belfield, Dublin 4
Fax: +353-1-283 0068
Web page: http://www.ucd.ie/economics/
More information through EDIRC
INCOME; EXCHANGE RATE; PRICES; ECONOMIC MODELS;
Other versions of this item:
- J. P. Neary, 1997. "True multilateral indexes for international comparisons of purchasing power and real income," LSE Research Online Documents on Economics 20355, London School of Economics and Political Science, LSE Library.
- J.P. Neary, 1997. "True Multilateral Indexes for International Comparisons of Purchasing Power and Real Income," CEP Discussion Papers dp0329, Centre for Economic Performance, LSE.
- D10 - Microeconomics - - Household Behavior - - - General
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- F0 - International Economics - - General
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- Prasada Rao, D S & Selvanathan, E Anthony & Pilat, Dirk, 1995. "Generalized Theil-Tornqvist Indices with Applications to International Comparisons of Prices and Real Output," The Review of Economics and Statistics, MIT Press, vol. 77(2), pages 352-60, May.
- Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
- Summers, Robert & Heston, Alan, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 327-68, May.
- Marris, Robin, 1984. "Comparing the Incomes of Nations: A Critique of the International Comparison Project," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 40-57, March.
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