Purchasing power parities and consumer theory
Purchasing power parities are calculated using the index number defined as a ratio of cost functions in two price situations. The definition does not require similarity of preference across countries. Necessary parameters are estimated using translogarithmic Hicksian budget shares. The results may be useful in comparisons of consumption because of the relevance to the consumer theory.
Year of publication: |
1996
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Authors: | Szulc, Adam |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 3.1996, 1, p. 5-7
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Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
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