Aggregation of Economic Indicators Across Countries : Exchange Rate versus PPP Based GDP Weights /

Relative GDP shares are frequently used as weights in aggregations. In order to ensure that these weights reflect countries' shares in real output, GDP data in national currencies should be converted into a common numeraire currency at purchasing power parity (PPP) rates. A review of the empiri...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Schulze-Gattas, Marianne
مؤلفون آخرون: Gulde, Anne
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1992.
سلاسل:IMF Working Papers; Working Paper ; No. 1992/036
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Schulze-Gattas, Marianne. 
245 1 0 |a Aggregation of Economic Indicators Across Countries :   |b Exchange Rate versus PPP Based GDP Weights /  |c Marianne Schulze-Gattas, Anne Gulde. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1992. 
300 |a 1 online resource (44 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Relative GDP shares are frequently used as weights in aggregations. In order to ensure that these weights reflect countries' shares in real output, GDP data in national currencies should be converted into a common numeraire currency at purchasing power parity (PPP) rates. A review of the empirical evidence on the relationship between exchange rates and prices suggests that market (or official) exchange rates are generally poor proxies for PPP rates. The paper examines the PPP-based GDP data generated by the International Comparison Program and compares aggregations with PPP- and exchange rate-based GDP weights. 
538 |a Mode of access: Internet 
700 1 |a Gulde, Anne. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1992/036 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1992/036/001.1992.issue-036-en.xml  |z IMF e-Library