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Understanding PPPs and PPP-based national accounts
Deaton, Angus - 2008
, 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/10012464148
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Growth Accelerations
Hausmann, Ricardo - 2004
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/10012468127
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Pharmaceutical Pricing and R&D as a Global Public Good
Frech, Henry Edward; Pauly, Mark V.; Comanor, William S.; … - National Bureau of Economic Research - 2023
In his Labor Day address, President Biden stated that the U.S. "has the highest drug prices in the world, and there is … levels that fund and incentivize substantial research and development efforts. In contrast, in the rest of the world (ROW …
Persistent link: https://www.econbiz.de/10014287373
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Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence
Bergin, Paul R. - 1999
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/10012471774
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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 - 2008
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/10012464810
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Cross-country Conversion Factors for Sectoral Productivity Comparisons
Van Biesebroeck, Johannes - 2004
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/10012468414
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Wage Dispersion and Country Price Levels
Lipsey, Robert E. - 1997
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/10012472778
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Price Discrimination, Copyright Law, and Technological Innovation : Evidence from the Introduction of DVDs
Mortimer, Julie Holland - 2005
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/10012467000
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Exchange Rates in Emerging Economies : What Do We Know? What Do We Need to Know?
Edwards, Sebastian - 1999
Exchange rates have been at the center of economic debates in emerging economies. Issues related to the feasibility of flexible exchange rates, the relationship between exchange rate volatility and growth, and the role of exchange rate overvaluation in recent crises, among other, have been...
Persistent link: https://www.econbiz.de/10012471561
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Exchange Rate Economics : 1986
Dornbusch, Rudiger - 1986
In the past fifteen years key exchange rates have moved in larger and more persistent ways than advocates of flexible rates in the late 1960s would have left anyone free to imagine. Certainly there was no expectation of constancy for nominal exchange rates. But real exchange rate movements of 30...
Persistent link: https://www.econbiz.de/10012476999