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

Files in This Item:
File Description SizeFormat 
WP97-19b.pdf2.08 MBAdobe PDFDownload
Title: Comparing the wealth of nations : reference prices and multilateral real income indexes
Authors: Neary, J. Peter
Gleeson, Bríd
Permanent link: http://hdl.handle.net/10197/3046
Date: 24-Jun-1997
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. The results throw light on the relative merits of different indexes and on the empirical importance of the "Gerschenkron effect": the downward bias in a country's measured real income when its own prices are used as weights. They also demonstrate the feasibility of using empirical demand parameters to estimate the GAIA ("Geary-Allen International Accounts") System.
Funding Details: Not applicable
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Keywords: Real income indexes;Comparative economics;Multilateral comparison
Subject LCSH: National income--Accounting
Income--Mathematical models
Gross national product
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

Show full item record

Page view(s) 10

213
checked on May 25, 2018

Download(s) 50

121
checked on May 25, 2018

Google ScholarTM

Check


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.