International Comparisons of Prices and Output

International Comparisons of Prices and Output PDF

Author: Conference on Research in Income and Wealth

Publisher:

Published: 1972

Total Pages: 440

ISBN-13:

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Conference report on the use of national income concepts and data to appraise the input output of national economies and some related aspects of international prices and trade - discusses such topics as problems of economic growth and national income differences between developed countries and developing countries, relative prices in national planning for economic development, competition in international trade, etc., and includes a comparison of productivity levels in the USA and the USSR. Statistical tables. Conference held in toronto 1970 may.

International and Interarea Comparisons of Income, Output, and Prices

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

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comparisons in the past thirty years, but descriptions and discussions of the new measures have been scattered in unpublished or inaccessible papers.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.

International Comparisons of Prices, Output and Productivity

International Comparisons of Prices, Output and Productivity PDF

Author: J. Salazar-Carrillo

Publisher: Elsevier

Published: 2012-12-02

Total Pages: 344

ISBN-13: 0444597719

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The present volume provides a timely collection of material on the subject of international comparisons, contributed by leading scholars from an extensive range of relevant disciplines and geographical backgrounds. The papers in this volume have been classified into two broad groups united by overlapping themes. Part I includes essentially empirical papers intended to provide a clear picture of the different types of international comparisons that have been undertaken by various organizations and individuals. The papers relate to empirical studies of different sectoral and national income aggregates at both regional and global levels. The papers in Part II deal with methodological and analytical issues. Discussion of the appropriateness of various aggregation methods for international comparisons accounts for a major component of this section. The volume provides a set of stimulating studies on international comparisons of prices, output and productivity, and will provide a useful reference source for many interested readers around the world.

The International Comparison Program

The International Comparison Program PDF

Author: Irving B. Kravis

Publisher:

Published: 1990

Total Pages: 70

ISBN-13:

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This paper reviews the International Comparison Program (ICP), a worldwide effort to produce international comparisons of real GDP and its components and purchasing power parities of currencies (PPPs). The robustness of results and future work are considered. A generous estimate of margins of uncertainty in the benchmark estimates might be 20-25 per cent for low-income countries and 7 per cent for high-income countries. The errors in extrapolations to countries not covered by the surveys could go as high as 30-35 per cent. That is still a small range of error compared to that stemming from the use of exchange rates to convert own-currency to common currency measures of output. Furthermore, exchange rate conversions are even more sensitive to methodology than PPP conversions. The notion that exchange comparisons rest on a simple and transparent procedure using standard market data is illusory. The future of ICP measures seems assured in Europe, particularly in the European Community. The prospects for systematic worldwide comparisons do not look as bright. A renewed effort by the United Nations Statistical Office and the World Bank would be needed to maintain an ICP with comprehensive coverage and comparable methods in all major regions.

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