publication . Research . Preprint . 2008

Implementing US GDP in Chained Prices for Cross-country GDP Growth and Sectoral Comparisons : Application to Selected ASEAN Countries

Dumagan, Jesus C.;
Open Access
  • Published: 01 Jan 2008
  • Publisher: Philippine Institute for Development Studies (PIDS) Makati City
Abstract
GDP in constant prices of ASEAN countries suffers from substitution bias by ignoring relative price changes and makes GDP growth and shares dependent on the base year. These analytical deficiencies led the US since the mid-1990s to convert GDP from constant to chained prices. Thus, cross-country comparisons in constant prices are analytically shaky even with the same base year. Therefore, this paper implements US GDP in chained prices in Indonesia, Malaysia, Philippines, and Thailand to alleviate substitution bias and prevent baseyear dependence of GDP growth and shares for valid cross-country comparisons. Converting UN GDP data from constant 1990 prices to chai...
Subjects
free text keywords: real GDP, C43, chained prices, Fisher index, constant prices, Real GDP, constant prices, chained prices, Fisher index, jel:C43, ddc:330
Powered by OpenAIRE Open Research Graph
Any information missing or wrong?Report an Issue
publication . Research . Preprint . 2008

Implementing US GDP in Chained Prices for Cross-country GDP Growth and Sectoral Comparisons : Application to Selected ASEAN Countries

Dumagan, Jesus C.;