Extrapolation Of Purchasing Power Parities Using Multiple Benchmarks And Auxiliary Information
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Author | : Mick Silver |
Publisher | : International Monetary Fund |
Total Pages | : 21 |
Release | : 2010-11-01 |
Genre | : Business & Economics |
ISBN | : 1455209538 |
The IMF’s main uses of the International Comparison Program’s (ICP) estimates of purchasing power parity (PPP)-adjusted Gross Domestic Product (GDP) are as an element of the formula used to help guide decisions on its members’ quotas and in the World Economic Outlook (WEO). The paper outlines these uses and considers measurement issues particularly salient to IMF usage including: PPP imputations for member countries not participating in the ICP; PPP estimates for non-benchmark years; timeliness and periodicity of PPP estimates; economy groupings; and transparency. The paper was written as a chapter on ?IMF uses of PPPs? for the 2011 ICP Handbook.
Author | : Ranjan Ray |
Publisher | : Springer |
Total Pages | : 442 |
Release | : 2018-11-03 |
Genre | : Business & Economics |
ISBN | : 9811319308 |
This collection of essays covers a diverse set of topics related to household behavior and welfare. Prices play a key role in several of the essays, particularly the distributional implications of price movements, and the effects of changes in relative prices on inequality and poverty. This book shows the shift in the literature on prices from being an exclusively macro topic featuring the study of inflation and cross-country comparisons to one that is firmly rooted in micro theory-based analysis of household behavior. It also includes recent developments in the poverty measurement literature, documenting the shift from the exclusively money metric and unidimensional poverty measures to multidimensional poverty encompassing a wider view of deprivation. Largely, but not exclusively, focusing on India, the book also features global comparisons of welfare. Intra country spatial comparisons along with cross country comparisons of household behavior and welfare feature in several of the essays in this book. The book also compares the effects of selected public delivery schemes in India on the health of its children. It is a useful resource for researchers and serves as reading material for advanced graduate courses on development in India and elsewhere.
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 697 |
Release | : 2013-04-25 |
Genre | : Business & Economics |
ISBN | : 0821397311 |
This volume provides a comprehensive review of the statistical theory and methods underlying the estimation of purchasing power parities (PPPs) and real expenditures, the choices made for the 2005 International Comparison Program (ICP) round, and the lessons learned that led to improvements in the 2011 ICP.
Author | : Luigi Biggeri |
Publisher | : Springer Science & Business Media |
Total Pages | : 267 |
Release | : 2010-07-03 |
Genre | : Business & Economics |
ISBN | : 3790821403 |
This book deals with many of the most relevant topics in price index numbers theory and practice. The problem of the harmonization of CPIs and the time-space integration of baskets is analyzed at the Eu-zone level, with methodological and actual proposals on how to proceed for an overall treatment of the matte. Likewise, the construction of sub-indexes for households economic and social groups is investigated, in order to obtain specific inflation measurement instruments. Evidence from most updated databases is given. The questions of the spatial comparisons of price levels through PPPs and th.
Author | : D.S. Prasada Rao |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : |
ISBN | : |
The paper presents an econometric framework for the construction of a consistent panel of purchasing power parities (PPPs) which makes it possible to combine all the PPP benchmark data from various phases of the International Comparison Program with the data on national price movements in the form of implicit deflators from national accounts. The method improves upon the current practice used in the construction of the Penn World Tables (PWT), and similar tables produced by the World Bank which tend to be anchored on a selected benchmark. The econometric formulation is based on a regression model for the national price levels where the disturbances are assumed to be heteroskedastic and spatially correlated across countries. The regression model along with data on country specific price movements are combined using a state-space formulation and optimum predictions of PPPs are obtained. As a property of the method presented in the paper, we show that the resulting PPP predictions are weighted averages of extrapolations of PPPs from different benchmarks--thus the method provides a formal approach which has a simple intuitive interpretation. The smoothed PPP predictions (and standard errors) obtained through the state-space are produced for both ICP-participating and non-participating countries and non-benchmark years. A complete tableau of PPPs for 141 countries spanning the period 1970 to 2005 is compiled using the method. Results for some selected countries are presented and the new series are compared and contrasted with the currently available PWT series. Extrapolated series for the remaining countries are available from the authors upon request.
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 592 |
Release | : 2020-10-01 |
Genre | : Business & Economics |
ISBN | : 9292623966 |
This publication provides a comprehensive account of the 2017 International Comparison Program (ICP) cycle for 22 economies in Asia and the Pacific. It provides in-depth analyses of estimates of purchasing power parities (PPPs), total and per capita real (PPP-converted) gross domestic product and its component expenditures, and price level indexes showing relative costs of living. The PPPs enable comparison in real terms across economies by removing the price level differences among them. This report also presents in detail the conceptual framework and methodological approaches used in implementing the ICP.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 448 |
Release | : 2012-11-30 |
Genre | : |
ISBN | : 9264189238 |
This manual gives a complete, detailed and up-to-date description of the Eurostat-OECD PPP Programme, including its organisation, the various surveys carried out by participating countries and the ways PPPs are calculated and disseminated. It also provides guidance on the use of PPPs.
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 697 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 0821397281 |
"This work is a product of the staff of The World Bank with external contributions"--T.p. verso.
Author | : Martin Ravallion |
Publisher | : World Bank Publications |
Total Pages | : 39 |
Release | : 2008 |
Genre | : Absolute poverty |
ISBN | : |
The article presents the first major update of the international $1 a day poverty line, proposed in World Development Report 1990: Poverty for measuring absolute poverty by the standards of the world's poorest countries. In a new and more representative data set of national poverty lines, a marked economic gradient emerges only when consumption per person is above about $2.00 a day at 2005 purchasing power parity. Below this, the average poverty line is $1.25, which is proposed as the new international poverty line. The article tests the robustness of this line to alternative estimation methods and explains how it differs from the old $1 a day line.
Author | : David J. Rosen |
Publisher | : DIANE Publishing |
Total Pages | : 82 |
Release | : 2000-08 |
Genre | : |
ISBN | : 078818833X |
Addresses the question, How easy is it for adult educators to use the information superhighway (IS)? What difficulties do they find & what helps them to overcome them? Chapters: how easy is it for adult educators to use the IS?; how adult literacy practitioners are using the Internet; how adult learners are using the Internet; the Internet for beginners: a staff development model for adult education practitioners; the literacy list; webliography; student & teacher resources; ESOL (ESL); adult secondary education (GED/EDP); project-based learning; adult education research; grants information; interesting sites; & professional reasons for using the Internet.