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Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies?

CEPR Discussion Paper Series No. 1865

Posted: 16 Sep 1998  

Patrick Honohan

Trinity College Dublin - Department of Economics; Peter G. Peterson Institute for International Economics; Centre for Economic Policy Research (CEPR)

Date Written: April 1998

Abstract

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

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

Patrick Honohan (Contact Author)

Trinity College Dublin - Department of Economics ( email )

Dublin 2
Ireland

Peter G. Peterson Institute for International Economics ( email )

1750 Massachusetts Avenue, NW
Washington, DC 20036
United States

Centre for Economic Policy Research (CEPR)

77 Bastwick Street
London, EC1V 3PZ
United Kingdom

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