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Understanding Ppps and Ppp-Based National Accounts
Deaton, Angus - 2010
, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World … Development Indicators; a substantial fraction of the world is also covered in the PPP accounts produced by the OECD and the … practical problems of implementing it. All of these data are underpinned by the International Comparison Program (ICP), which …
Persistent link: https://www.econbiz.de/10012758136
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Growth Accelerations
Hausmann, Ricardo; Pritchett, Lant; Rodrik, Dani - 2022
Unlike most cross-country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in economic growth that are sustained for at least eight years and identify more than 80 such episodes since the 1950s. Growth accelerations tend to be...
Persistent link: https://www.econbiz.de/10013321621
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Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence
Bergin, Paul R. - 2010
This paper offers an explanation for the persistence observed in real exchange rate movements. The model combines pricing to market behavior with sticky prices generated by staggered contracts. A translog preference structure is sued to enhance both features. The paper finds that openness limits...
Persistent link: https://www.econbiz.de/10012763338
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Testing for the Economic Impact of the U.S. Constitution : Purchasing Power Parity Across the Colonies Versus Across the States, 1748-1811
Grubb, Farley - 2009
The U.S. Constitution removed real and monetary trade barriers between the states. By contrast, these states when they were British colonies exercised considerable real and monetary autonomy over their borders. Purchasing power parity is used to measure how much economic integration between the...
Persistent link: https://www.econbiz.de/10012766561
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Wage Dispersion and Country Price Levels
Lipsey, Robert E.; Swedenborg, Birgitta - 2021
The purpose of this paper was to investigate whether there is a relationship between the degree of wage dispersion in a country and its price level relative to other countries, compared in a common currency. It was found that once a country's real per capita income and deviations of its exchange...
Persistent link: https://www.econbiz.de/10013220939
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Cross-Country Conversion Factors for Sectoral Productivity Comparisons
Van Biesebroeck, Johannes - 2021
rather well in the long run, making it a good basis for comparison. At the same time, sectoral deviations from PPP are very …
Persistent link: https://www.econbiz.de/10013249181
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Price Discrimination, Copyright Law, and Technological Innovation : Evidence from the Introduction of Dvds
Mortimer, Julie H. - 2014
This paper examines the welfare effects of intellectual property protection, accounting for firms' optimal responses to legal environments and technological innovation. I examine firms' use of indirect price discrimination in response to U.S. copyright law, which effectively prevents direct...
Persistent link: https://www.econbiz.de/10012752518
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Currency Unions, Product Introductions, and the Real Exchange Rate
Cavallo, Alberto - 2012
We use a novel dataset of online prices of identical goods sold by four large global retailers in dozens of countries to study good-level real exchange rates and their aggregated behavior. First, in contrast to the prior literature, we demonstrate that the law of one price holds very well within...
Persistent link: https://www.econbiz.de/10013097660
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Value-Added Exchange Rates
Bems, Rudolfs - 2012
This paper updates the conceptual foundations for measuring real effective exchange rates (REERs) to allow for vertical specialization in trade. We derive a value-added REER describing how demand for the value added that a country produces changes as the price of its value added changes relative...
Persistent link: https://www.econbiz.de/10013098810
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Mussa Redux and Conditional PPP
Bergin, Paul R. - 2012
Long half-lives of real exchange rates are often used as evidence against monetary sticky price models. In this study we show how exchange rate regimes alter the long-run dynamics and half-life of the real exchange rate, and we recast the classic defense of such models by Mussa (1986) from an...
Persistent link: https://www.econbiz.de/10013101514