Does PPP-adjusted data exaggerate the relative size of poor economies?
Though 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.
Volume (Year): 8 (2001)
Issue (Month): 12 ()
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