PRICE, PURCHASING POWER AND REAL PRODUCT COMPARISONS IN LATIN AMERICA

Jorge Salazar‐Carrillo

Review of Income and Wealth, 1973, vol. 19, issue 1, 117-132

Abstract: The paper begins with a discussion of the concepts used and the scope of their application. Then the purchasing power parity rates for LAFTA countries in 1968 are presented and analyzed. With the aid of such rates the real gross domestic products of these countries in 1968 are estimated. Among other conclusions, it is found that these differ quite importantly from GDP calculations using foreign exchange rates, even within the LAFTA area. Finally, the levels of consumer prices in the region in 1968 are compared, and these are contrasted with the results of a similar survey undertaken in 1960.

Date: 1973
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https://doi.org/10.1111/j.1475-4991.1973.tb00877.x

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