Citation

Discussion Paper Details

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

Author(s): Patrick Honohan

Publication Date: April 1998

Keyword(s): Developing Countries, Purchasing Power Parity and world distribution of income

Programme Area(s): International Macroeconomics

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.

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Bibliographic Reference

Honohan, P. 1998. 'Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1865