Timmer, Marcel P.; Inklaar, Robert - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2012
Relative GDP prices increase with rising income per capita, which is generally attributed to services being cheaper in poorer countries. In this paper we re-examine this based on a new set of PPPs for industry output. These are estimated in an augmented Geary-Khamis approach using prices for...