Journal article
Rationalizing the Penn World Table: true multilateral indices for international comparisons of real income
- Abstract:
-
Real incomes are routinely compared internationally using methods that "correct" for deviations from purchasing power parity. The most widely used of these is the Geary method which, though theoretically suspect, underlies the Penn World Table. This paper provides a theoretical foundation for the Geary method which I call the GAIA ("Geary-Allen International Accounts") system. I show that the Geary method is exact when preferences are non-homothetic Leontief and, more generally, gives a (poss...
Expand abstract
- Publication status:
- Published
- Peer review status:
- Peer reviewed
Actions
Access Document
- Files:
-
-
(Author's original, pdf, 417.9KB)
-
- Publisher copy:
- 10.1257/0002828043052286
Why is the content I wish to access not available via ORA?
Bibliographic data (the information relating to research outputs) and full-text items (e.g. articles, theses, reports, etc.) arrive in ORA from several different sources. Unfortunately we are not able to make available the full-text for every research output.
Please contact the ORA team (
) if you have queries regarding unavailable content OR if you are aware of a full-text copy we can make available.
) if you have queries regarding unavailable content OR if you are aware of a full-text copy we can make available.
Content may be unavailable for the following four reasons
-
Version unsuitable
-
We have not obtained a suitable full-text for a given research output. See this page for more information.
-
Recently completed
-
Sometimes content is held in ORA but is unavailable for a fixed period of time to comply with the policies and wishes of rights holders.
-
Permissions
-
All content made available in ORA should comply with relevant rights, such as copyright. See this page for more information.
-
Clearance
-
Some thesis volumes scanned as part of the digitisation scheme funded by Dr Leonard Polonsky are currently unavailable due to sensitive material or uncleared third-party copyright content. We are attempting to contact authors whose theses are affected.
Alternative access to the full-text
You may be able to access the full-text directly from the publisher's website using the 'Publisher Copy' link in the 'Links & Downloads' box from a research output's ORA record page. This method may require an institutional or individual subscription to the journal/resource.
Authors
Bibliographic Details
- Publisher:
- American Economic Association Publisher's website
- Journal:
- American Economic Review Journal website
- Volume:
- 94
- Issue:
- 5
- Pages:
- 1411-1428
- Publication date:
- 2004-12-01
- DOI:
- ISSN:
-
0002-8282
Item Description
- Language:
- English
- Subjects:
- UUID:
-
uuid:cc690ce5-bbff-4ab5-a95f-8f8f1b0902ea
- Local pid:
- ora:2113
- Deposit date:
- 2008-06-19
Related Items
Terms of use
- Copyright holder:
- American Economic Association
- Copyright date:
- 2004
- Notes:
- Citation: Neary, J. P. (2004). 'Rationalizing the Penn World Table: true multilateral indices for international comparisons of real income', The American Economic Review, 94(5), 1411-1428. [Available at http://www.ingentaconnect.com/content/aea/aer]. Copyright 2004 by the American Economic Association. N.B. Professor Neary was based at University College Dublin and CEPR when this article was first published.
If you are the owner of this record, you can report an update to it here: Report update to this record