Purchasing Power Parities and Their Role in International Comparisons

Ranjan Ray

Chapter Chapter 8 in Household Behaviour, Prices, and Welfare, 2018, pp 207-251 from Springer

Abstract: Abstract In this chapter, we move from the single country context of the previous chapters to the international context. The focus of this chapter is on purchasing power parities (PPP)Purchasing Power Parity (PPP) and their robustness to procedures. PPPs can be viewed as cost of living index calculated spatially across countries with different currencies.

Keywords: Purchasing Power Parity; Price Level Index (PLIs); SINHA ET; Reference Utility Level; Ideal Demand System (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:thechp:978-981-13-1930-3_8

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DOI: 10.1007/978-981-13-1930-3_8

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