Purchasing power parities of currencies : recent advances in methods and applications

edited by D.S. Prasada Rao (Professor and Australian Research Council Professorial Fellow, School of Economics, The University of Queensland, Brisbane, Australia)

This up-to-date book demonstrates how the purchasing power parities (PPPs) of currencies are being increasingly used in place of exchange rates for a variety of purposes. These include: comparisons of real income, measurements of global inequality and poverty, calculation of the human development index and assessment of nations economic performance. Despite the increasing popularity of PPPs, many users have very little appreciation of the data and methods used in their derivation. This timely monograph brings together a number of significant contributions from leading researchers in the field, offering a comprehensive review of the latest methods used in the construction and application of PPPs. The authors provide a broad overview of the current state-of-the-art both in terms of techniques as well as current practice with various international organisations. Given the increasing application of PPPs in this truly globalised world, this book will be a stimulating read for researchers and academics involved in international comparisons and development economics, general economists and economist statisticians

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Year of publication:	2009
Other Persons:	Prasada Rao, D. S. (ed.)
Institutions:	Edward Elgar Publishing (publisher)
Publisher:	Cheltenham, UK : Edward Elgar Publishing
Subject:	Internationale Wirtschaftsbeziehungen \| International economic relations \| Kaufkraftparität \| Purchasing power parity \| Messung \| Measurement \| Vergleich \| Comparison \| Finanzmathematik \| Mathematical finance \| Realeinkommen \| Kaufkraftvergleich \| Internationaler Vergleich

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Extent:	1 Online-Ressource (xviii, 400 pages) illustrations
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Aufsatzsammlung
Language:	English
Notes:	Includes bibliographical references and index Contents: Foreword -- Part I: Introduction -- 1. Introduction -- / d.s. Prasada rao -- 2. The compilation of purchasing power parities: The eurostat-oecd purchasing power parity programme -- / david roberts -- Part II: System methods for ppp computation -- 3. Aggregation methods in international comparisons: An evaluation / Bert Balk -- 4. Generalised eltetö-köves-szulc and country-product-dummy methods for international comparisons / D.S. Prasada Rao -- 5. True international income comparisons correcting for substitution bias / Steve Dowrick -- 6. Additivity, matrix consistency and a new method for international comparisons of real income and purchasing power parities / Itsuo Sakuma, D.S. Prasada Rao and Yoshimasa Kurabayashi -- 7. Implicit data structures and properties of selected additive indices / James Cuthbert -- Part III: Methods for spatial linking and analysis of price structures -- 8. Similarity Indexes and criteria for spatial linking / Erwin Diewert -- 9. Comparing per capita income levels across countries using spanning trees: Robustness, prior restrictions, hybrids and hierarchies / Robert Hill -- 10. Chaining methods for international real product and purchasing power comparisons: Issues and alternatives / Bettina Aten and Alan Heston -- 11. Aggregation methods based on structural international prices -- / sergey sergeev -- Part IV: Applications -- 12. Purchasing power parities and their policy relevance / Michael Ward -- 13. Purchasing power parity adjustments for productivity level comparisons / Bart van Ark and Marcel Timmer -- 14. Ppps and the price competitiveness of international tourism destinations / Larry Dwyer, Peter Forsyth and D.S. Prasada Rao -- Index.
ISBN:	978-1-0353-0524-7 ; 978-1-84542-237-0
Other identifiers:	10.4337/9781035305247 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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