Publication:
International comparisons of real product, 19820-1990: an alternative dataset

dc.affiliation.institutoUC3M. Instituto Figuerola de Historia y Ciencias Socialeses
dc.contributor.authorPrados de la Escosura, Leandro
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones
dc.date.accessioned2009-12-18T15:39:46Z
dc.date.available2009-12-18T15:39:46Z
dc.date.issued1998-11
dc.description.abstractIn this paper a new set of current price estimates of per capita income, adjusted for each currency's purchasing power, is presented for more than twenty countries over the last one and a half centuries. A short-cut method is used to derive current price comparisons for countries and periods in which aggregate PPPs are not available. Current price estimates of PPP-adjusted GDP appear to be more economically sound than constant price figures as economic agents react to current, not to constant, prices and, therefore, would allow us more appropiate cross-country comparisons of welfare and productivity. Moreover, the new estimates tend to mitigate the index number problem by rendering less remote benchmarks for constant price comparisons than widely used datasets at constant 1985 or 1990 "international" dollars. Country rankings in the new data set are different from those provided by earlier cross-country comparisons and among the new findings the earlier US leadership and the closer position of Britain and France over the long 191h century can be highlighted.
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/10016/6177
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working Papers. Economic History and Institutions
dc.relation.ispartofseries98-05
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.ecienciaHistoria
dc.subject.otherPurchassing power parity
dc.subject.otherInternational comparisons
dc.subject.otherGrowth
dc.titleInternational comparisons of real product, 19820-1990: an alternative dataset
dc.typeworking paper*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
wh986405.PDF
Size:
4.6 MB
Format:
Adobe Portable Document Format
Description: