haku: @author Dowrick, S. / yhteensä: 6
viite: 3 / 6
| Tekijä: | Dowrick, S. Quiggin, J. |
| Otsikko: | True measures of GDP and convergence |
| Lehti: | American Economic Review
1997 : MAR, VOL. 87:1, p. 41-64 |
| Asiasana: | ECONOMICS MEASUREMENT USA |
| Kieli: | eng |
| Tiivistelmä: | Widely used "purchasing power parity" comparisons of per capita GDP are not true quantity indexes and are subject to systematic substitution bias. This bias may distort measurement of convergence and divergence. Extending Varian's nonparametric construction of a true index gives the set of true indexes, including the new Ideal Afriat Index. These indexes are utility-consistent and independent of arbitrary reference price vectors. The authors establish bounds on the dispersion of true multilateral indexes, hence bounds on convergence. |
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