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Understanding PPPs and PPP-based National Accounts: Comment

Authors: Erwin Diewert;

Understanding PPPs and PPP-based National Accounts: Comment

Abstract

How exactly should we choose an index number formula that will enable us to compare real outputs across countries? Index number comparisons between countries require information on the prices of products in the same units of measurement and information on expenditure shares by product category. The ICP gets expenditure shares using information on final demand expenditures from the national accounts of the participating countries. However, these national expenditure estimates are not very accu rate in some cases, and are not always constructed on a consistent basis across countries. It is very difficult or impossible to compare real outputs across countries at very different stages of development, since poor countries may consume products which are very different from the products consumed in rich countries (i.e., it is impossible to compare the incomparable).

Related Organizations
Keywords

jel: jel:O57, jel: jel:C43, jel: jel:E31, jel: jel:E01

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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