Constructing Purchasing Power Parities Using a Reduced Information Approach: A Research Study
The approach can generate more firmly based estimates of PPPs, price level indexes, and measures of real (PPP-based) expenditures than conventional extrapolation methods. The results include PPP-based gross domestic product and its major aggregates of individual consumption expenditure by households and nonprofit institutions serving households, government final consumption expenditure, gross fixed capital formation, changes in inventories and acquisitions less disposals of valuables, and balance of exports and imports.
- Basic Concepts and Key Measures of the International Comparison Program
- Framework and Methodology for Compiling Purchasing Power Parities
- Methodology and Survey Framework for the Research Study
- Overview of the Study Results
- Conclusions and Moving Forward