Comparing the wealth of nations : reference prices and multilateral real income indexes

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dc.contributor.author Neary, J. Peter
dc.contributor.author Gleeson, Bríd
dc.date.accessioned 2011-07-25T15:19:16Z
dc.date.available 2011-07-25T15:19:16Z
dc.date.issued 1997-06-24
dc.identifier.uri http://hdl.handle.net/10197/3046
dc.description.abstract This paper considers the problem of comparing real incomes across countries. The available methods are reviewed and their performance is compared using the raw data underlying the Penn World Table. The results throw light on the relative merits of different indexes and on the empirical importance of the "Gerschenkron effect": the downward bias in a country's measured real income when its own prices are used as weights. They also demonstrate the feasibility of using empirical demand parameters to estimate the GAIA ("Geary-Allen International Accounts") System. en
dc.description.sponsorship Not applicable en
dc.format.extent 3974994 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Economics en
dc.relation.ispartofseries UCD Centre for Economic Research Working Paper Series en
dc.relation.ispartofseries WP97/19 en
dc.subject Real income indexes en
dc.subject Comparative economics en
dc.subject Multilateral comparison en
dc.subject.lcsh National income--Accounting en
dc.subject.lcsh Income--Mathematical models en
dc.subject.lcsh Gross national product en
dc.title Comparing the wealth of nations : reference prices and multilateral real income indexes en
dc.type Working Paper en
dc.internal.availability Full text available en
dc.status Not peer reviewed en
dc.neeo.contributor Neary|J. Peter|aut|UCD0042 en
dc.neeo.contributor Gleeson|Bríd|aut| en


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