Estimating Real Production And Expenditures Across Nations

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Estimating Real Production And Expenditures Across Nations

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Author :
language : en
Publisher: World Bank Publications
Release Date : 2007

Estimating Real Production And Expenditures Across Nations written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Gross domestic product categories.

"From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP) of the United Nations, has sought to compare the standard of living of individuals in different countries. That is, the term "real GDP per capita" as reported in the PWT is intended to represent the ability to purchase goods and services by a representative agent in the economy. The same is true of benchmark comparisons as published by the United Nations, Eurostat, or OECD. But this expenditure-side interpretation of real GDP is quite different from the uses to which benchmark ICP and PWT data are frequently applied, such as in growth regressions, where "real GDP" is intended to reflect the production side of the economy. In this paper the authors propose a new approach to international comparisons of real GDP measured from the output side. They modify the traditional Gary-Khamis system, which measures real GDP from the expenditure side using real domestic expenditure, to include differences in the terms of trade between countries. The analysis shows that this system has a strictly positive solution under mild assumptions. On the basis of a set of domestic final output, import, and export prices and values for 151 countries in 1996, differences between real GDP measured from the expenditure and output side can be substantial, especially for small open economies."

Estimating Real Production And Expenditures Across Nations

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Author : Robert C. Feenstra
language : en
Publisher:
Release Date : 2016

Estimating Real Production And Expenditures Across Nations written by Robert C. Feenstra and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP)of the United Nations, has sought to compare the standard of living of individuals in different countries. That is, the termreal GDP per capitaas reported in the PWT is intended to represent the ability to purchase goods and services by a representative agent in the economy. The same is true of benchmark comparisons as published by the United Nations, Eurostat, or OECD. But this expenditure-side interpretation of real GDP is quite different from the uses to which benchmark ICP and PWT data are frequently applied, such as in growth regressions, wherereal GDPis intended to reflect the production side of the economy. In this paper the authors propose a new approach to international comparisons of real GDP measured from the output side. They modify the traditional Gary-Khamis system, which measures real GDP from the expenditure side using real domestic expenditure, to include differences in the terms of trade between countries. The analysis shows that this system has a strictly positive solution under mild assumptions. On the basis of a set of domestic final output, import, and export prices and values for 151 countries in 1996, differences between real GDP measured from the expenditure and output side can be substantial, especially for small open economies.

Estimating Real Production And Expenditures Across Nations

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Author : Robert C. Feenstra
language : en
Publisher:
Release Date : 2012

Estimating Real Production And Expenditures Across Nations written by Robert C. Feenstra and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.

From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP) of the United Nations, has sought to compare the standard of living of individuals in different countries. That is, the term "real GDP per capita" as reported in the PWT is intended to represent the ability to purchase goods and services by a representative agent in the economy. The same is true of benchmark comparisons as published by the United Nations, Eurostat, or OECD. But this expenditure-side interpretation of real GDP is quite different from the uses to which benchmark ICP and PWT data are frequently applied, such as in growth regressions, where "real GDP" is intended to reflect the production side of the economy. In this paper the authors propose a new approach to international comparisons of real GDP measured from the output side. They modify the traditional Gary-Khamis system, which measures real GDP from the expenditure side using real domestic expenditure, to include differences in the terms of trade between countries. The analysis shows that this system has a strictly positive solution under mild assumptions. On the basis of a set of domestic final output, import, and export prices and values for 151 countries in 1996, differences between real GDP measured from the expenditure and output side can be substantial, especially for small open economies.

Measuring The Real Size Of The World Economy

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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2013-04-25

Measuring The Real Size Of The World Economy written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-25 with Business & Economics categories.

This volume provides a comprehensive review of the statistical theory and methods underlying the estimation of purchasing power parities (PPPs) and real expenditures, the choices made for the 2005 International Comparison Program (ICP) round, and the lessons learned that led to improvements in the 2011 ICP.

Ascent After Decline

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Author : Otaviano Canuto
language : en
Publisher: World Bank Publications
Release Date : 2012-01-09

Ascent After Decline written by Otaviano Canuto and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-09 with Business & Economics categories.

The Great Recession of 2009-2011 has left us short of instruments, bereft of confidence, and generally unprepared for a low-growth world. In this book, more than a dozen noted scholars discuss the prospects for future regrowth within analyses of key policy problems, major markets, and promising avenues for stimulating long-term economic growth.

On The Inaccuracies Of Economic Observations

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Author : Peter A.G. van Bergeijk
language : en
Publisher: Edward Elgar Publishing
Release Date : 2024-06-05

On The Inaccuracies Of Economic Observations written by Peter A.G. van Bergeijk and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-05 with Business & Economics categories.

This informative book reveals the pervasive nature of large inaccuracies in economic statistics. Drawing on numerous real-world examples including case studies from advanced and developing countries, Peter van Bergeijk presents profound insights into how downplaying these errors undermines the scientific rigour of economic analysis and outlines how to manage uncertainty in economic analysis moving forward.

Methods For Quantitative Macro Comparative Research

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Author : Salvatore J. Babones
language : en
Publisher: SAGE Publications
Release Date : 2013-08-06

Methods For Quantitative Macro Comparative Research written by Salvatore J. Babones and has been published by SAGE Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-06 with Social Science categories.

Will a one-child policy increase economic growth? Does globalization contribute to global warming? Are unequal societies less healthy than more egalitarian societies? It is questions like these that social scientists turn to quantitative macro-comparative research (QMCR) to answer. Although many social scientists understand statistics conceptually, they struggle with the mathematical skills required to conduct QMCR. This non-mathematical book is intended to bridge that gap, interpreting the advanced statistics used in QMCR in terms of verbal descriptions that any college graduate with a basic background in statistics can follow. It addresses both the philosophical foundations and day-to-day practice of QMCR in an effort to improve research outcomes and ensure policy relevance. A comprehensive guide to QMCR, the book presents an overview of the questions that can be answered using QMCR, details the steps of the research process, and concludes with important guidelines and best practices for conducting QMCR. The book assumes that the reader has a sound grasp of the fundamentals of linear regression modeling, but no advanced mathematical knowledge is required in order for researchers and students to read, understand, and enjoy the book. A conversational discussion style supplemented by 75 tables and figures makes the book′s methodological arguments accessible to both students and professionals. Extensive citations refer readers back to primary discussions in the literature, and a comprehensive index provides easy access to coverage of specific techniques.

Global Business Management

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Author : Abel Adekola
language : en
Publisher: Routledge
Release Date : 2016-04-22

Global Business Management written by Abel Adekola and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-22 with Business & Economics categories.

This book interweaves the concepts of the guidance on globalization, international management, and the intricacies of international business that many books on the market treat independently. It clarifies and explains culture, cultural misunderstandings, and cross-cultural interactions. Adekola and Sergi's text is unique in that it offers both the management perspective and the cultural perspective. It is for managers seeking to thrive in the global economy. This book focuses on managing global organizations, providing a basis for understanding the influence of culture on international management, and the key roles that international managers play. It clearly shows how to develop the cross-cultural expertise essential to succeed in a world of rapid and profound economic, political and cultural changes.

Contemporary And Emerging Issues In Trade Theory And Policy

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Author : Hamid Beladi
language : en
Publisher: Emerald Group Publishing
Release Date : 2008-06-02

Contemporary And Emerging Issues In Trade Theory And Policy written by Hamid Beladi and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-06-02 with Business & Economics categories.

Part of the "Frontiers in Economics & Globalization" series, this book deals with a range of trade and development issues in terms of the general equilibrium structure. It shows how neo-classical models of trade theory can be used to highlight many challenging global problems.

Economic Growth In Europe

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Author : Marcel P. Timmer
language : en
Publisher: Cambridge University Press
Release Date : 2010-10-28

Economic Growth In Europe written by Marcel P. Timmer and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-28 with Business & Economics categories.

Why has European growth slowed down since the 1990s while American productivity growth has speeded up? This book provides a thorough and detailed analysis of the sources of growth from a comparative industry perspective. It argues that Europe's slow growth is the combined result of a severe productivity slowdown in traditional manufacturing and other goods production, and a concomitant failure to invest in and reap the benefits from Information and Communications Technology (ICT), in particular in market services. The analysis is based on rich new databases including the EU KLEMS growth accounting database and provides detailed background of the data construction. As such, the book provides new methodological perspectives and serves as a primer on the use of data in economic growth analysis. More generally, it illustrates to the research and policy community the benefits of analysis based on detailed data on the sources of economic growth.