Rationalizing the Penn World Table: true multilateral indices for international comparisons of real income
Real incomes are routinely compared internationally using methods that "correct" for deviations from purchasing power parity. The most widely used of these is the Geary method which, though theoretically suspect, underlies the Penn World Table. This paper provides a theoretical foundation...
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| Format: | Working paper |
| Language: | English |
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American Economic Association
2004
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