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

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Show simple item record Prados de la Escosura, Leandro
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones 2009-12-18T15:39:46Z 2009-12-18T15:39:46Z 1998-11
dc.description.abstract In 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.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working Papers. Economic History and Institutions
dc.relation.ispartofseries 98-05
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.subject.other Purchassing power parity
dc.subject.other International comparisons
dc.subject.other Growth
dc.title International comparisons of real product, 19820-1990: an alternative dataset
dc.type workingPaper
dc.subject.eciencia Economía
dc.subject.eciencia Historia
dc.rights.accessRights openAccess
dc.affiliation.instituto UC3M. Instituto Figuerola de Historia y Ciencias Sociales
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