A Restricted-Domain Multilateral Test Approach to the Theory of International Comparisons(revised and extended version of CEP 96-03)
This paper develops a novel multilateral test approach to the problem of international comparisons. Many of the associated tests are justi¯ed as\reasonable" using the fact that they are direct analogues to properties of the cost-of-living index. Further support is bestowed upon the new approach by showing that it is equivalent to an extended version of Diewert's (1986) multilateral test approach. Finally, a number of alternative multilateral comparison formulae are evaluated and the relative superiority of two of them is established.
|Date of creation:||Sep 1999|
|Date of revision:||Feb 2003|
|Publication status:||Published: – further revised version in International Economic Review, Vol. 44, No. 1 (February 2003), pp. 31–86|
|Note:||revised & extended version of CEP 96-03|
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