Does PPP-adjusted data exaggerate the relative size of poor economies?

Though excellent for comparing living standards, conventional PPP-adjusted real income measures may be a poor basis for ranking economies by total size. They assign a far larger share of World output to poor countries than would a more relevant alternative based on valuing output using the equilibrium prices of an hypothetical world of full economic integration.

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Year of publication:	2001
Authors:	Honohan, Patrick
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 8.2001, 12, p. 799-802
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005265499