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International and Intertemporal Comparisons of Real Product in OECD Countries: A Growth Sensitivity Analysis


  • Daban, Teresa
  • Domenech, Rafael
  • Molinas, Cesar


This paper provides two new data sets for comparisons of real income in OECD countries. The first set provides adjusted real series for GDP and its components from 1960 to 1993 based on OECD 1990 purchasing power parities. The second set uses OECD PPP of different benchmark years, and interpolates these applying national price indices. Comparisons between both alternatives, Penn World Table Mark 5 (PWT 5) and its new version (PWT 5.6), in terms of economic growth and convergence, reveal some remarkable differences. Moreover, there are wider differences concerning the relative countries' position in GDP per capita ranking. Estimations of convergence equations based on OECD data yield a better fit than those obtained using PWT data, although there are also some significant differences between PWT 5 and PWT 5.6. Nevertheless, a very positive result is that other parameters of interest in these equations are not affected by the use of these different data sources. Copyright 1997 by The International Association for Research in Income and Wealth.

Suggested Citation

  • Daban, Teresa & Domenech, Rafael & Molinas, Cesar, 1997. "International and Intertemporal Comparisons of Real Product in OECD Countries: A Growth Sensitivity Analysis," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(1), pages 33-48, March.
  • Handle: RePEc:bla:revinw:v:43:y:1997:i:1:p:33-48

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    References listed on IDEAS

    1. Miles Corak, 2005. "Principles and Practicalities for Measuring Child Poverty in Rich Countries," LIS Working papers 406, LIS Cross-National Data Center in Luxembourg.
    2. Wen Hao Chen & Miles Corak, 2005. "Child Poverty and Changes in Child Poverty in Rich Countries since 1990," LIS Working papers 405, LIS Cross-National Data Center in Luxembourg.
    3. Atkinson, A B, 1987. "On the Measurement of Poverty," Econometrica, Econometric Society, vol. 55(4), pages 749-764, July.
    4. Browning, Martin & Francois Bourguignon & Pierre-Andre Chiappori & Valerie Lechene, 1994. "Income and Outcomes: A Structural Model of Intrahousehold Allocation," Journal of Political Economy, University of Chicago Press, vol. 102(6), pages 1067-1096, December.
    5. Stephen P. Jenkins & Christian Schluter, 2003. "Why Are Child Poverty Rates Higher in Britain than in Germany?: A Longitudinal Perspective," Journal of Human Resources, University of Wisconsin Press, vol. 38(2).
    6. Corak, Miles, 2005. "Principles and Practicalities for Measuring Child Poverty in the Rich Countries," IZA Discussion Papers 1579, Institute for the Study of Labor (IZA).
    7. Miles Corak & Christine Lietz & Holly Sutherland, 2005. "The Impact of Tax and Transfer Systems on Children in the European Union," Papers inwopa05/30, Innocenti Working Papers.
    8. Jenkins, Stephen P. & Schluter, Christian, 2001. "Why are child poverty rates higher in Britain than in Germany? a longitudinal perspective -working paper-," ISER Working Paper Series 2001-16, Institute for Social and Economic Research.
    9. Lundberg, S.J. & Pollak, R.A. & Wales, T.J., 1994. "Do Husbands and Wives Pool Their Resources? Evidence from U.K. Child Benefit," Working Papers 94-6, University of Washington, Department of Economics.
    10. Miles Corak & *UNICEF, 2005. "Principles and Practicalities in Measuring Child Poverty for the Rich Countries," Papers inwopa05/27, Innocenti Working Papers.
    11. Shelley A. Phipps & Peter S. Burton, 1995. "Sharing within Families: Implications for the Measurement of Poverty among Individuals in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 28(1), pages 177-204, February.
    12. Browning, Martin, 1992. "Children and Household Economic Behavior," Journal of Economic Literature, American Economic Association, vol. 30(3), pages 1434-1475, September.
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    Cited by:

    1. Andres, Javier & Hernando, Ignacio & Lopez-Salido, J. David, 2004. "The role of the financial system in the growth-inflation link: the OECD experience," European Journal of Political Economy, Elsevier, vol. 20(4), pages 941-961, November.
    2. Prados de la Escosura, Leandro, 2000. "International Comparisons of Real Product, 1820-1990: An Alternative Data Set," Explorations in Economic History, Elsevier, vol. 37(1), pages 1-41, January.
    3. Javier Andrés & Ignacio Hernando & J. David López-Salido, 1999. "Assessing the benefits of price stability: The international experience," Estudios Económicos, Banco de España;Estudios Económicos Homepage, number 69.
    4. Matilde Mas Ivars & Francisco José Goerlich Gisbert, 1998. "- Japan/Usa: (The Apparent) Miracle Of Convergence," Working Papers. Serie EC 1998-20, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

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