International Comparisons of Real Product and Purchasing Power

International Comparisons of Real Product and Purchasing Power

Author: Irving B. Kravis

Publisher: Johns Hopkins University Press

Published: 1978

Total Pages: 288

ISBN-13:

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The purpose of the United Nations International Comparison Project (ICP) is to compare the purchasing power of currencies and the real gross domestic product (GDP) per capita of different countries. It is well known that the usual method of converting the GDPs of different countries to a common currency, usually U.S. dollars, at existing exchange rates is misleading because exchange rates do not necessarily reflect the purchasing power of currencies. The ICP has found that the purchasing power of a country's currency over GDP can be as much as three times its dollar exchange rate, and thus the real GDP per capita is three times the value shown in an exchange-rate conversion. The unsatisfactory nature of exchange-rate conversions has become even clearer in the past few years under the new regime of managed floating rates. Changes in exchange rates of as much as 20 percent within the space of a year have not been unusual even among major currencies.


2017 International Comparison Program in Asia and the Pacific

2017 International Comparison Program in Asia and the Pacific

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2020-05-01

Total Pages: 159

ISBN-13: 9292622005

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This publication provides estimates of purchasing power parities (PPPs) and real expenditures for 22 economies in Asia and the Pacific. These are summary regional results from the 2017 cycle of the International Comparison Program (ICP), a global statistical initiative carried out under the auspices of the United Nations Statistical Commission. The report provides estimates of PPPs, real expenditures for total and per capita gross domestic product (GDP) and its component expenditures derived using PPPs, and price level indexes showing relative costs of living. The PPPs enable comparison in real terms across economies by removing the price level differences among them.


Handbook of the International Comparison Programme

Handbook of the International Comparison Programme

Author: United Nations. Statistical Office

Publisher: New York : United Nations

Published: 1992

Total Pages: 142

ISBN-13:

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Describes the International Comparison Programme which intends to produce estimates, comparable in real terms, for the gross domestic product. Provides guidance for those working in national statistical offices on the Programme.


Eurostat-OECD Methodological Manual on Purchasing Power Parities (2012 Edition)

Eurostat-OECD Methodological Manual on Purchasing Power Parities (2012 Edition)

Author: OECD

Publisher: OECD Publishing

Published: 2012-11-30

Total Pages: 448

ISBN-13: 9264189238

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This manual gives a complete, detailed and up-to-date description of the Eurostat-OECD PPP Programme, including its organisation, the various surveys carried out by participating countries and the ways PPPs are calculated and disseminated. It also provides guidance on the use of PPPs.


Understanding National Accounts Second Edition

Understanding National Accounts Second Edition

Author: Lequiller François

Publisher: OECD Publishing

Published: 2014-10-20

Total Pages: 520

ISBN-13: 9264214631

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This is an update of OECD 2006 "Understanding National Accounts". It contains new data, new chapters and is adapted to the new systems of national accounts, SNA 2008 and ESA 2010.


Currencies, Commodities and Consumption

Currencies, Commodities and Consumption

Author: Kenneth W. Clements

Publisher: Cambridge University Press

Published: 2013-01-31

Total Pages: 401

ISBN-13: 110701476X

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Discusses economic issues associated with exchange rates, commodity prices, the economic size of countries and alternatives to PPP exchange rates.


International Parity Conditions

International Parity Conditions

Author: Razzaque H. Bhatti

Publisher: Springer

Published: 2016-07-27

Total Pages: 389

ISBN-13: 1349255238

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This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages between world markets and the movement of interest and exchange rates across countries. The book falls into three parts dealing with the theory, methods of econometric testing and existing empirical evidence. Although it is intended to provide a consensus view on the subject, the authors also make some controversial propositions, particularly on the purchasing power parity conditions.