National and subnational purchasing power parity: a review

Amita Majumder; Ranjan Ray

doi:10.1007/s40622-020-00245-7

National and subnational purchasing power parity: a review

Amita Majumder, Ranjan Ray

Department of Economics

Research output: Contribution to journal › Review Article › Research › peer-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 language	English
Pages (from-to)	103-124
Number of pages	22
Journal	Decision
Volume	47
DOIs	https://doi.org/10.1007/s40622-020-00245-7
Publication status	Published - 2020

Keywords

Purchasing Power Parity (PPP)
Subnational PPP
Itemwise PPP

Access to Document

10.1007/s40622-020-00245-7

Cite this

@article{d08238cdaae94875aee57a8f2acb1ce1,

title = "National and subnational purchasing power parity: a 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.",

keywords = "Purchasing Power Parity (PPP), Subnational PPP, Itemwise PPP",

author = "Amita Majumder and Ranjan Ray",

year = "2020",

doi = "10.1007/s40622-020-00245-7",

language = "English",

volume = "47",

pages = "103--124",

journal = "Decision",

issn = "0304-0941",

publisher = "Indian Institute of Management - Calcutta",

}

TY - JOUR

T1 - National and subnational purchasing power parity

T2 - a review

AU - Majumder, Amita

AU - Ray, Ranjan

PY - 2020

Y1 - 2020

N2 - 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.

AB - 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.

KW - Purchasing Power Parity (PPP)

KW - Subnational PPP

KW - Itemwise PPP

U2 - 10.1007/s40622-020-00245-7

DO - 10.1007/s40622-020-00245-7

M3 - Review Article

VL - 47

SP - 103

EP - 124

JO - Decision

JF - Decision

SN - 0304-0941

ER -