Microeconomic Foundations for the Theory of International Comparisons

Keir Armstrong

Carleton Economic Papers from Carleton University, Department of Economics

Abstract: The paper establishes a basis in economic theory for solving the problem of how to make comparisons of aggregate quantities and price levels across two or more geographic regions. To this end, two new classes of relative purchasing power measures are set out and the dual relationships between them are explored.

Keywords: index numbers; economic approaches to index number theory; multilateral comparisons; puchasing power parities (search for similar items in EconPapers)
JEL-codes: C43 C81 F31 O18 O57 (search for similar items in EconPapers)
Pages: 29 pages
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Published: – revised version in Journal of Economic Theory, Vol. 101, No. 2 (December 2001), pp. 585–605

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Persistent link: https://EconPapers.repec.org/RePEc:car:carecp:96-01

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