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Microeconomic Foundations for the Theory of International Comparisons

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Abstract

The paper establishes a basis in economic theory for solving the problem of how to make comparisons of aggregate quantities and price levels across two or more geographic regions. To this end, two new classes of relative purchasing power measures are set out and the dual relationships between them are explored.

Suggested Citation

  • Keir Armstrong, "undated". "Microeconomic Foundations for the Theory of International Comparisons," Carleton Economic Papers 96-01, Carleton University, Department of Economics.
    • Handle: RePEc:car:carecp:96-01
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    Keywords

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    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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