Working paper icon

Working paper

True Multilateral Indexes for International Comparisons of Real Income: Theory and Empirics.

Abstract:

I introduce a utility-consistent benchmark for international comparisons of real income, the GAIA ('Geary-Allen International Accounts') System. It coincides with the Geary method (which underlies the Penn World Table) when preferences are Leontief and with the EKS method (favoured by OECD) when preferences are homogeneous quadratic. The Geary method seems preferable since it gives a (possibly poor) approximation to a consistent set of international comparisons, whereas the EKS method gives a...

Expand abstract

Actions


Authors


Publisher:
CEPR
Volume:
2590
Series:
C.E.P.R.Discussion Papers
Host title:
C.E.P.R.Discussion Papers
Publication date:
2000-01-01
Paper number:
2590
Language:
English
UUID:
uuid:ccb8dbad-45e4-4e7d-9ba7-5b947729bacf
Local pid:
oai:economics.ouls.ox.ac.uk:11746
Deposit date:
2011-08-16

Terms of use


Views and Downloads






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

TO TOP