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An Expenditure-Based Bilateral Comparison of Gross Domestic Product between China and the United States

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  • Ren, Ruoen
  • Chen, Kai

Abstract

This paper presents a detailed bilateral comparison of GDP between China and the United States, with 1986 as a reference date, using the purchasing power parity approach formulated by the United Nations International Comparison Program. An estimate of purchasing power parity over GDP made for Chinese currency in this study is used to estimate China's dollar per capita GDP in 1986 and 1991. The specific issues in the comparisons of the housing and the comparison-resistant services categories is discussed and an approach similar to the estimation of shadow rent is exercised. The possible errors in the bilateral comparison are analyzed. Copyright 1994 by The International Association for Research in Income and Wealth.

Suggested Citation

  • Ren, Ruoen & Chen, Kai, 1994. "An Expenditure-Based Bilateral Comparison of Gross Domestic Product between China and the United States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 40(4), pages 377-394, December.
  • Handle: RePEc:bla:revinw:v:40:y:1994:i:4:p:377-94
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    Cited by:

    1. Chen, G.Q. & Chen, B., 2007. "Resource analysis of the Chinese society 1980-2002 based on energy--Part 5: Resource structure and intensity," Energy Policy, Elsevier, vol. 35(4), pages 2087-2095, April.
    2. Szirmai, Adam, 2011. "Angus Maddison and Development Economics," MERIT Working Papers 035, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    3. Wu, Harry X., 2001. "China's comparative labour productivity performance in manufacturing, 1952-1997: Catching up or falling behind?," China Economic Review, Elsevier, vol. 12(2-3), pages 162-189.
    4. Szirmai, Adam & Ruoen, Ren, 2000. "Comparative performance in Chinese manufacturing, 1980-1992," China Economic Review, Elsevier, vol. 11(1), pages 16-53.

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