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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...
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The paper considers the problem of choosing a multilateral system of index numbers in order to make aggregate price and … index number formula. The great variation in relative prices and quantities in the international context means that the … approach, the concept of a superlative bilateral index number formula (which can adequately model substitution effects) is …
Persistent link: https://www.econbiz.de/10014073132
over 35 years (1960-95), the Consumer Price Index of Argentina overstated the rise in the true cost of living by 77 …% relative to the estimated cost of living index. Put in a different way, 44% of official inflation was avoided by consumers … through substitution between goods, brands and outlets. The estimated cost of living index based in 1960 was in 1995 just 56 …
Persistent link: https://www.econbiz.de/10013152152
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the construction of PPP indices, with particular emphasis on the PPP-based estimates of GDP used in the Fund’s World … Economic Outlook and the World Bank’s World Development Report, and examines some of the issues associated with the use of such …
Persistent link: https://www.econbiz.de/10014398687
The International Comparisons Program (ICP) run by the World Bank compares the purchasing power of currencies and real …. International Comparisons Program ; Country-Product-Dummy Method ; Price Index ; Rural-Urban Price Differences ; Representative and …
Persistent link: https://www.econbiz.de/10009736479
The International Comparisons Program (ICP) run by the World Bank compares the purchasing power of currencies and real …
Persistent link: https://www.econbiz.de/10013094035
The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate could be evaluated by comparing average price levels. Unfortunately, this methodology has received limited attention in past research. This study attempts to remedy this situation...
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