Journal article icon

Journal article

Comparing the wealth of nations : reference prices and multilateral real income indexes

Abstract:

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....

Expand abstract
Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

Actions


Access Document


Files:

Authors


More by this author
Institution:
University of Oxford
Research group:
Industrial Economics
Oxford college:
Merton College
Department:
Social Sciences Division - Economics
Role:
Author
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:
0012-9984
URN:
uuid:96542e19-245b-4732-ab7a-bb6c42141153
Local pid:
oai:economics.ouls.ox.ac.uk:10466
Language:
English
Keywords:

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP