International and Interarea Comparisons of Income, Output, and Prices
International and Interarea Comparisons of Income, Output, and Prices

Author: Alan Heston

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 546

ISBN-13: 0226331121

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Economists wish to compare prices, real income, and output across countries and regions for many purposes. In the past, such comparisons were made in nominal terms, or by using exchange rates across countries, ignoring differences in price levels and thus distorting the results. Great progress has been made in interspatial comparisons in the past thirty years, but descriptions and discussions of the new measures have been scattered in unpublished or inaccessible papers. International and Interarea Comparisons of Income, Output, and Prices includes discussions of developments in the United Nations International Comparison Program, the largest effort in this field, and in the ICOP program on the production side, including efforts in both to extend the comparisons to the formerly planned economies. Other papers in this volume explore new programs on interspatial comparisons within the United States. There are also theoretical papers on how interspatial comparisons should be made and several examples of uses of such comparisons.

Economics and the Price Index
Economics and the Price Index

Author: S.N. Afriat

Publisher: Routledge

Published: 2008-11-26

Total Pages: 335

ISBN-13: 1134029152

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The price index, a pervasive long established institution for economics, is a number issued by the Statistical Office that should tell anyone the ratio of costs of maintaining a given standard of living in two periods where prices differ. For a chain of three periods, the product of the ratios for successive pairs must coincide with the ratio for t

The New Palgrave Dictionary of Economics
The New Palgrave Dictionary of Economics

Author:

Publisher: Springer

Published: 2016-05-18

Total Pages: 7493

ISBN-13: 1349588024

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The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Eurostat-OECD Methodological Manual on Purchasing Power Parities (2023 edition)
Eurostat-OECD Methodological Manual on Purchasing Power Parities (2023 edition)

Author: European Union

Publisher: OECD Publishing

Published: 2024-07-31

Total Pages: 422

ISBN-13: 9264497455

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This manual sets out the full methodology of producing PPPs within the ‘Eurostat-OECD PPP Programme’ – a programme in which the Eurostat and OECD have been working together in producing and publishing Purchasing Power Parities (PPPs) for their respective member countries. PPPs are essential tools for the comparison of price and volume levels of GDP and other indicators. This manual describes the organisation of the work and the data collection, validation and calculation methods as applied for the reference year 2022. It updates the previous edition published in 2012. The aim of the manual is: (i) to provide methodological guidelines on PPPs to those directly engaged in the programme, i.e. to practitioners in Eurostat, the OECD and National Statistical Institutes (NSIs) of participating countries; (ii), to advise PPPs users – policymakers, journalists, academics, researchers – on the use and interpretation of programme comparison results; and (iii) to provide a single point of reference on the Eurostat-OECD PPP Programme, accessible to teachers, students and the general public interested in PPPs and related statistics.

Advances in Economic Measurement
Advances in Economic Measurement

Author: Duangkamon Chotikapanich

Publisher: Springer Nature

Published: 2022-10-03

Total Pages: 675

ISBN-13: 9811920230

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The purpose of this book is to honour D.S. Prasada Rao and his many outstanding contributions to economic measurement, including index number methods for international comparisons of prices, real incomes, output, and productivity; stochastic approaches to index numbers; purchasing power parities for the measurement of regional and global inequality and poverty; and measurement of income and economic insecurity. This book brings together contributions by well-known and influential researchers in the field of economic measurement with special focus on topics in productivity measurement (Part I); income and health inequality, inequality of opportunity, and measurement of insecurity (Part II); index number theory and applications to consumer price index numbers, international comparisons of prices and real expenditures, and housing price index numbers (Part III). The chapters are authored by eminent researchers including Conchita D’Ambrosio, Bert Balk, Erwin Diewert, Robert Hill, Robert Inklaar, Knox Lovell, Robin Sickles, Jacques Silber and Marcel Timmer. The contributed papers offer in-depth reviews of the state of the art in these areas with a focus on the existing methods and applications, making the volume an invaluable source for both experienced researchers and new researchers, including PhD and other postgraduate students.

Measuring the Real Size of the World Economy
Measuring the Real Size of the World Economy

Author: World Bank

Publisher: World Bank Publications

Published: 2013-04-25

Total Pages: 697

ISBN-13: 0821397311

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This volume provides a comprehensive review of the statistical theory and methods underlying the estimation of purchasing power parities (PPPs) and real expenditures, the choices made for the 2005 International Comparison Program (ICP) round, and the lessons learned that led to improvements in the 2011 ICP.

Agricultural Productivity
Agricultural Productivity

Author: Virgil Ball

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 337

ISBN-13: 1461508517

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Agricultural Productivity: Measurement and Sources of Growth addresses measurement issues and techniques in agricultural productivity analysis, applying those techniques to recently published data sets for American agriculture. The data sets are used to estimate and explain state level productivity and efficiency differences, and to test different approaches to productivity measurement. The rise in agricultural productivity is the single most important source of economic growth in the U.S. farm sector, and the rate of productivity growth is estimated to be higher in agriculture than in the non-farm sector. It is important to understand productivity sources and to measure its growth properly, including the effects of environmental externalities. Both the methods and the data can be accessed by economists at the state level to conduct analyses for their own states. In a sense, although not explicitly, the book provides a guide to using the productivity data available on the website of the U.S. Department of Agriculture/Economic Research Service. It should be of interest to a broad spectrum of professionals in academia, the government, and the private sector.

Price and Quantity Index Numbers
Price and Quantity Index Numbers

Author: Bert M. Balk

Publisher: Cambridge University Press

Published: 2012-07-19

Total Pages: 301

ISBN-13: 1107404967

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This book is the first comprehensive text on index number theory since Irving Fisher's 1922 The Making of Index Numbers. The book covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and continuous time environments; and upper- and lower-level indices. Guided by economic insights, this book develops the instrumental or axiomatic approach.

Topics in Empirical International Economics
Topics in Empirical International Economics

Author: Magnus Blomstrom

Publisher: University of Chicago Press

Published: 2009-02-15

Total Pages: 283

ISBN-13: 0226060853

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In this timely volume emanating from the National Bureau of Economic Research's program in international economics, leading economists address recent developments in three important areas. The first section of the book focuses on international comparisons of output and prices, and includes papers that present new measures of product market integration, new methodology to infer relative factor price changes from quantitative data, and an ongoing capital stock measurement project. The next section features articles on international trade, including such significant issues as deterring child labor exploitation in developing countries, exchange rate regimes, and mapping U. S. comparative advantage across various factors. The book concludes with research on multinational corporations and includes a discussion of the long-debated issue of whether growth of production abroad substitutes for or is complementary to production growth at home. The papers in the volume are dedicated to Robert E. Lipsey, who for more than a half century at the NBER, contributed significantly to the broad field of empirical international economics.