Purchasing Power Parities of Currencies

• Utgivningsdatum: 2009-09-30
• Mått: 156 x 234 x undefined mm
• Format: Inbunden
• Språk: Engelska
• Förlag: Edward Elgar Publishing Ltd
• ISBN: 9781845422370

• Internationell ekonomi

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

'Perhaps the most significant challenge economists face when comparing economic aggregates across countries is that the data needs to be expressed in a common currency. The use of Purchasing Power Parities (PPPs) to convert national GDP's into a common currency, for example, is the recognized method to avoid the deficiencies in exchange rates. However, the methodology to produce PPPs is probably the most complex and difficult statistical activity in the world. The recently completed 2005 International Comparison Program (ICP) included 146 countries with huge variations in the size and structure of their economies and covered all components of the GDP. Because of the huge differences in the scope and scale of national economies, the ICP was organized to first produce regional PPPs followed by their linkage to produce global PPP's. Many of the problems encountered are considered in this book. The list of authors reads like a who's who in the field of international economic statistics who provide a valuable addition to the knowledge about PPPs. Purchasing Power Parities fits a critical need as it brings together the most recent significant developments to improve the estimation of internationally comparable economic indicators.'

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