Journal article
Comparing the wealth of nations : reference prices and multilateral real income indexes
- Abstract:
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This paper considers the problem of comparing real incomes across countries. The available methods are reviewed and their performance is compared using the raw data underlying the Penn World Table. We propose and implement a test of the "Gerschenkron Effect": the downward bias in a country's measured real income when its own prices are used as weights. The test confirms that this Effect obtains with fixed-weight indexes but not with true bilateral indexes based on empirical demand parameters....
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Authors
Bibliographic Details
- Publisher:
- Economic & Social Research Institute Publisher's website
- Journal:
- Economic and Social Review Journal website
- Volume:
- 28
- Issue:
- 4
- Pages:
- 401-421
- Publication date:
- 1997-01-01
- ISSN:
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0012-9984
Item Description
- Language:
- English
- Keywords:
- UUID:
-
uuid:96542e19-245b-4732-ab7a-bb6c42141153
- Local pid:
- oai:economics.ouls.ox.ac.uk:10466
- Deposit date:
- 2011-08-16
Related Items
Terms of use
- Copyright holder:
- Economic and Social Review
- Copyright date:
- 1997
- Notes:
- This article has been made available under Creative Commons Attribution-NonCommercial-ShareAlike 1.0 Generic (CC BY-NC-SA 1.0) licence.
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