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| Tekijä: | Hill, R.J. |
| Otsikko: | Constructing bounds on per capita income differentials across countries |
| Lehti: | Scandinavian Journal of Economics
2000 : JUN, VOL. 102:2, p. 285-302 |
| Asiasana: | International Exchange rates Purchasing power parity Cost of living Theories Models OECD |
| Kieli: | eng |
| Tiivistelmä: | The results of purchasing power parity (PPP)-based comparisons of income across countries can be quite sensitive to the choice of index number formula. Tighter bounds on per capita income (herein: p.c.i.)differentials can be constructed either by assuming homothetic preferences, or by estimating a demand system. Both approaches are used to construct bounds on p.c.i. differentials across the OECD countries. The strengths and weaknesses of each approach are discussed. |
SCIMA