Aggregation Methods in International Comparisons
46 Pages Posted: 21 Feb 2003
Date Written: April 2001 7,
This paper reviews the progress that has been made over the past decade in understanding the nature of the various multilateral in- ternational comparison methods. Fifteen methods are discussed and subjected to a system of ten tests. In addition, attention is paid to recently developed methods based on the principle of chaining, model based approaches, and the economic approach to international com- parison.
Keywords: international comparison, purchasing power parity, index number theory
JEL Classification: M, M31, C44, C43
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