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dc.contributor.authorNeary, J. Peter
dc.contributor.authorGleeson, Brid
dc.date.accessioned2012-08-27T09:34:33Z
dc.date.available2012-08-27T09:34:33Z
dc.date.issued1997
dc.identifier.citationNeary, J. Peter; Gleeson, Brid. 'Comparing the wealth of nations: reference prices and multilateral real income indexes'. - Economic & Social Review, Vol. 28, No. 4, October, 1997, pp. 401-421, Dublin: Economic & Social Research Institute
dc.identifier.issn0012-9984
dc.identifier.urihttp://hdl.handle.net/2262/64767
dc.description.abstractThis paper considers the problem of comparing real incomes across countries. The available methods are reviewed and their performance is compared using the raw data underlying the Penn World Table. We propose and implement a test of the "Gerschenkron Effect": the downward bias in a country's measured real income when its own prices are used as weights. The test confirms that this Effect obtains with fixed-weight indexes but not with true bilateral indexes based on empirical demand parameters. We also demonstrate the feasibility of estimating the GAIA ("Geary-Allen International Accounts") System which yields true multilateral real income indexes.en
dc.language.isoen
dc.publisherEconomic & Social Studies
dc.sourceEconomic & Social Reviewen
dc.subjectReal incomeen
dc.subjectStatisticsen
dc.subjectIndexesen
dc.subjectIncome distributionen
dc.titleComparing the wealth of nations: reference prices and multilateral real income indexes
dc.typeJournal Article
dc.publisher.placeDublinen


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