CEPR Discussion Paper Series No. 1865
Posted: 16 Sep 1998
Date Written: April 1998
Conventional PPP-adjusted real output measures, invaluable for making international comparisons of living standards, may greatly exaggerate the productive capacity of poor countries. The equilibrium prices of an hypothetical world of full economic integration provide an instructive basis for evaluating the potential share of different countries in world output.
JEL Classification: F43, O47
Suggested Citation: Suggested Citation
Honohan, Patrick, Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies? (April 1998). CEPR Discussion Paper Series No. 1865. Available at SSRN: https://ssrn.com/abstract=108208