Feenstra, Robert C.; Heston, Alan; Timmer, Marcel P.; … - National Bureau of Economic Research (NBER) - 2004
In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...