Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies

Patrick Honohan

No 1865, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: Conventional PPP-adjusted real output measures, invaluable for making international comparisons of living standards, may greatly exaggerate the productive capacity of poor countries. The equilibrium prices of an hypothetical world of full economic integration provide an instructive basis for evaluating the potential share of different countries in world output.

Keywords: Developing Countries; Purchasing Power Parity; world distribution of income (search for similar items in EconPapers)
JEL-codes: F43 O47 (search for similar items in EconPapers)
Date: 1998-04
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Citations: View citations in EconPapers (3)

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Journal Article: Does PPP-adjusted data exaggerate the relative size of poor economies? (2001)
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