Comparing the wealth of nations : reference prices and multilateral real income indexes
This paper considers the problem of comparing real incomes across countries. The available methods are reviewed and their performance is compared using the raw data underlying the Penn World Table. We propose and implement a test of the "Gerschenkron Effect": the downward bias in a country...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Economic & Social Research Institute
1997
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