National and subnational purchasing power parity: a review

Amita Majumder, Ranjan Ray

Research output: Contribution to journalReview ArticleResearchpeer-review

Abstract

The measurement of prices is an important area of research in economics since prices play a central role in welfare analysis and macroeconomic comparisons across time and space. While accurate figures on inflation and cost of living are required in temporal comparisons of standard of living in a country and in adjusting poverty lines over time, such information is also essential in spatial comparisons of prices within and across countries. This paper presents a review of the literature on various aspects of price comparisons through purchasing power parity.
Original languageEnglish
Pages (from-to)103-124
Number of pages22
JournalDecision
Volume47
DOIs
Publication statusPublished - 2020

Keywords

  • Purchasing Power Parity (PPP)
  • Subnational PPP
  • Itemwise PPP

Cite this