True Multilateral Indexes for International Comparisons of Real Income: Theory and Empirics.
I introduce a utility-consistent benchmark for international comparisons of real income, the GAIA ('Geary-Allen International Accounts') System. It coincides with the Geary method (which underlies the Penn World Table) when preferences are Leontief and with the EKS method (favoured by OECD...
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Format: | Working paper |
Language: | English |
Published: |
CEPR
2000
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