Author: Johannes Bernardus Dirk DerksenPublisher:
ISBN:
Category :
Languages : en
Pages : 25
Book Description
Intertemporal Comparisons of Real National Income
Author: Johannes Bernardus Dirk DerksenPublisher:
ISBN:
Category :
Languages : en
Pages : 25
Book Description
Problems in the International Comparison of Economic Accounts
Author: World Product and Income
Author: Irving B. KravisPublisher: Johns Hopkins University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 410
Book Description
International and Interarea Comparisons of Income, Output, and Prices
Author: Alan HestonPublisher: University of Chicago Press
ISBN: 0226331121
Category : Business & Economics
Languages : en
Pages : 546
Book Description
Economists wish to compare prices, real income, and output across countries and regions for many purposes. In the past, such comparisons were made in nominal terms, or by using exchange rates across countries, ignoring differences in price levels and thus distorting the results. Great progress has been made in interspatial comparisons in the past thirty years, but descriptions and discussions of the new measures have been scattered in unpublished or inaccessible papers. International and Interarea Comparisons of Income, Output, and Prices includes discussions of developments in the United Nations International Comparison Program, the largest effort in this field, and in the ICOP program on the production side, including efforts in both to extend the comparisons to the formerly planned economies. Other papers in this volume explore new programs on interspatial comparisons within the United States. There are also theoretical papers on how interspatial comparisons should be made and several examples of uses of such comparisons.
Estimating Real Production and Expenditures Across Nations
Author: Publisher: World Bank Publications
ISBN:
Category : Gross domestic product
Languages : en
Pages : 28
Book Description
"From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP) of the United Nations, has sought to compare the standard of living of individuals in different countries. That is, the term "real GDP per capita" as reported in the PWT is intended to represent the ability to purchase goods and services by a representative agent in the economy. The same is true of benchmark comparisons as published by the United Nations, Eurostat, or OECD. But this expenditure-side interpretation of real GDP is quite different from the uses to which benchmark ICP and PWT data are frequently applied, such as in growth regressions, where "real GDP" is intended to reflect the production side of the economy. In this paper the authors propose a new approach to international comparisons of real GDP measured from the output side. They modify the traditional Gary-Khamis system, which measures real GDP from the expenditure side using real domestic expenditure, to include differences in the terms of trade between countries. The analysis shows that this system has a strictly positive solution under mild assumptions. On the basis of a set of domestic final output, import, and export prices and values for 151 countries in 1996, differences between real GDP measured from the expenditure and output side can be substantial, especially for small open economies."
International Comparisons of Prices, Output and Productivity
Author: J. Salazar-CarrilloPublisher: Elsevier
ISBN: 0444597719
Category : Business & Economics
Languages : en
Pages : 344
Book Description
The present volume provides a timely collection of material on the subject of international comparisons, contributed by leading scholars from an extensive range of relevant disciplines and geographical backgrounds. The papers in this volume have been classified into two broad groups united by overlapping themes. Part I includes essentially empirical papers intended to provide a clear picture of the different types of international comparisons that have been undertaken by various organizations and individuals. The papers relate to empirical studies of different sectoral and national income aggregates at both regional and global levels. The papers in Part II deal with methodological and analytical issues. Discussion of the appropriateness of various aggregation methods for international comparisons accounts for a major component of this section. The volume provides a set of stimulating studies on international comparisons of prices, output and productivity, and will provide a useful reference source for many interested readers around the world.
Measuring the Real Size of the World's Economy
Author: World BankPublisher: World Bank Publications
ISBN: 0821397281
Category : Business & Economics
Languages : en
Pages : 697
Book Description
"This work is a product of the staff of The World Bank with external contributions"--T.p. verso.
International Comparisons of Real Incomes
Author: Wilfred BeckermanPublisher: Development Centre of the Organization for Economic Co-operation and Development
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 84
Book Description
Estimating Real Production and Expenditures Across Nations
Author: Robert C. FeenstraPublisher:
ISBN:
Category :
Languages : en
Pages : 28
Book Description
From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP)of the United Nations, has sought to compare the standard of living of individuals in different countries. That is, the termreal GDP per capitaas reported in the PWT is intended to represent the ability to purchase goods and services by a representative agent in the economy. The same is true of benchmark comparisons as published by the United Nations, Eurostat, or OECD. But this expenditure-side interpretation of real GDP is quite different from the uses to which benchmark ICP and PWT data are frequently applied, such as in growth regressions, wherereal GDPis intended to reflect the production side of the economy. In this paper the authors propose a new approach to international comparisons of real GDP measured from the output side. They modify the traditional Gary-Khamis system, which measures real GDP from the expenditure side using real domestic expenditure, to include differences in the terms of trade between countries. The analysis shows that this system has a strictly positive solution under mild assumptions. On the basis of a set of domestic final output, import, and export prices and values for 151 countries in 1996, differences between real GDP measured from the expenditure and output side can be substantial, especially for small open economies.
Author: Oscar S. Paras