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Terms-of-Trade Changes, Real GDP, and Real Value Added in the Open Economy : Reassessing Hong Kong's Growth Performance
Kohli, Ulrich - 2007
Real GDP tends to underestimate the increase in real domestic value added, real GDI, and welfare when the terms of trade improve. An improvement in the terms of trade is similar to a technological progress. The national accounts treat the two phenomena very unevenly, however, with a change in...
Persistent link: https://www.econbiz.de/10012729381
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A Review of Ppp-Adjusted GDP Estimation and its Potential Use for the Fund's Operational Purposes
Wagner, Nancy - 2007
International comparison of economic aggregates, expressed in domestic currencies, requires their conversion into a common numeraire currency such as the U.S. dollar or the SDR. Since market (or official) exchange rates are subject to fluctuations which may result in comparisons that do not...
Persistent link: https://www.econbiz.de/10012778576
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Aggregation of Economic Indicators Across Countries : Exchange Rate Versus PPP Based GDP Weights
Gulde, Anne Marie - 2006
Relative GDP shares are frequently used as weights in aggregations. In order to ensure that these weights reflect countries` shares in real output, GDP data in national currencies should be converted into a common numeraire currency at purchasing power parity (PPP) rates. A review of the...
Persistent link: https://www.econbiz.de/10012781311
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Accounting for unrepresentative products and urban-rural price differences in international comparisons of real income : an application to the Asia-Pacific region
Hill, Robert J.; Syed, Iqbal A. - 2012
The International Comparisons Program (ICP) run by the World Bank compares the purchasing power of currencies and real income across countries. Using a unique data set consisting of over 600,000 ICP price quotes drawn from nine countries in the Asia-Pacific region, we consider a number of ways...
Persistent link: https://www.econbiz.de/10009736479
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Accounting for Unrepresentative Products and Urban-Rural Price Differences in International Comparisons of Real Income : An Application to the Asia-Pacific Region
Hill, Robert J. - 2013
The International Comparisons Program (ICP) run by the World Bank compares the purchasing power of currencies and real income across countries. Using a unique data set consisting of over 600,000 ICP price quotes drawn from nine countries in the Asia-Pacific region, we consider a number of ways...
Persistent link: https://www.econbiz.de/10013094035
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Consistent GDP Aggregation and Purchasing Power Parity
Dumagan, Jesus C. - 2012
Consistent aggregation ensures that real GDP level and growth do not change as the existing GDP components are merely … rearranged. Otherwise, level or growth changes are spurious. This paper proposes a framework for consistent aggregation where … consistent in aggregation although the Fisher formula is inconsistent. Moreover, PPP implications on GDP measurement for some …
Persistent link: https://www.econbiz.de/10011421251
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The aggregation problem : implications for ecological and biophysical economics
Fix, Blair - 2019
This article discusses the aggregation problem and its implications for ecological economics. The aggregation problem …’s goals, and on the underlying theory. Using simple examples, this article shows how the aggregation problem complicates tasks …
Persistent link: https://www.econbiz.de/10012053632
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PPP strikes back : aggregation and the real exchange rate
Imbs, Jean; Mumtaz, Haroon; Ravn, Morten O.; Rey, Hélène - 2003
We show the importance of a dynamic aggregation bias in accounting for the PPP puzzle. We prove that established time …
Persistent link: https://www.econbiz.de/10011560521
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Comparing GDP in constant and in chained prices : some new results
Dumagan, Jesus Castaños - 2009
This paper’s framework for GDP in chained prices yields GDP in constant prices as a special case of constant relative prices, i.e., these GDP measures differ only when relative prices change. The framework has a novel additive procedure, counter to the prevailing view that GDP in chained...
Persistent link: https://www.econbiz.de/10003834941
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Verzerrungen von Konsumentenpreisindizes und ihr Einfluss auf das "reale" Wirtschaftswachstum : dargestellt am Beispiel der USA
Hartwig, Jochen (contributor); Schips, Bernd (contributor) - 2004 - [Elektronische Ressource]
, dass die Divergenz in den Wachstumsraten der USA und der EU seit 1997 fast zur Gänze auf unterschiedliche Berechnungsweisen … zurückgeführt werden kann. -- Konsumentenpreisindex ; Wirtschaftswachstum ; statistische Verzerrung ; statistische Artefakte ; USA …
Persistent link: https://www.econbiz.de/10002521570