THE ORIGINS OF THE EAST ASIAN INCONGRUITIES IN THE MADDISON PROJECT DATABASE

Nak Nyeon Kim and Ki-Joo Park

Hitotsubashi Journal of Economics, 2017, vol. 58, issue 2, 179-197

Abstract: The income gaps between Korea and her two richer neighbors, Japan and Taiwan in 1935, estimated by the Maddison Project using the backward projection method from 1990, are significantly different from the results based on directly comparing the price levels of 1935. We explore the sources of error in the estimation of PPP using GDP deflators. We find that the errors from the conceptual differences between PPP and GDP deflators are not large or systematically biased; the majority of errors come from the inconsistency of the two data sets, and the selection of the benchmark year. We estimate the GDP per capita of East Asian countries without incongruities, using information from all benchmark years available.

Keywords: Maddison Project; purchasing power parity; GDP deflator; International Comparison Project; Penn World Table (search for similar items in EconPapers)
JEL-codes: I31 N30 O53 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/28955/HJeco0580201790.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hit:hitjec:v:58:y:2017:i:2:p:179-197

DOI: 10.15057/28955

Access Statistics for this article

More articles in Hitotsubashi Journal of Economics from Hitotsubashi University Contact information at EDIRC.
Bibliographic data for series maintained by Digital Resources Section, Hitotsubashi University Library ().