Measuring the Real Size of the World Economy: The Framework, Methodology, and Results of the International Comparison Program (ICP)

Measuring the Real Size of the World Economy: The Framework, Methodology, and Results of the International Comparison Program (ICP)

by World Bank

Paperback

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Product Details

ISBN-13: 9780821397282
Publisher: Bernan Distribution
Publication date: 05/03/2013
Pages: 693
Product dimensions: 6.90(w) x 9.90(h) x 1.30(d)

Table of Contents

Preface ix

Acknowledgments xi

Contributing Authors xiii

Executive Summary Frederic A. Vogel xv

Introduction: Reshaping the World Angus S. Deaton 1

1 The Framework of the International Comparison Program D. S. Prasada Rao 13

2 Governance Structure of ICP 2005 Paul McCarthy 47

3 National Accounts Framework for International Comparisons: GDP Compilation and Breakdown Process Paid McCarthy 59

4 Computation of Basic Heading PPPs for Comparisons within and between Regions D. S. Prasada Rao 93

5 Methods of Aggregation above the Basic Heading Level within Regions W. Erwin Diewert 121

6 Methods of Aggregation above the Basic Heading Level: Linking the Regions W. Erwin Diewert 169

7 The ICP Survey Framework Frederic A. Vogel 197

8 The Ring Comparison: Linking the Regions Frederic A. Vogel 225

9 Validation of ICP Regional Prices and Basic Heading PPPs David Roberts 245

10 A Validation of Basic Heading and Aggregated PPPs: When Does Validation End and Estimation Begin? Frederic A. Vogel 279

11 Health and Education Derek Blades 301

12 Dwelling Services Alan Heston 319

13 Construction Paul McCarthy 343

14 Machinery and Equipment Derek Blades 369

15 Government Services Derek Blades 393

16 Government Services: Productivity Adjustments Alan Heston 413

17 Reference PPPs Derek Blades Yuri Dikhanov 441

18 Extrapolating PPPs and Comparing ICP Benchmark Results Paul McCarthy 473

19 Results and Empirical Analysis, ICP 2005 Yuri Dikhanov Frederic A. Vogel 507

20 Absolute Poverty Measures for the Developing World, 1981-2008 Shaohua Chen Martin Ravallion 531

21 PPP Exchange Rates for the Global Poor Angus S. Deaton Olivier Dupriez 553

22 International Relative Price Levels: An Empirical Analysis Charles Thomas Jaime Marquez Sean Fahle James Coonan 589

23 PPP Estimates: Applications by the International Monetary Fund Mick Silver 603

24 Using Expenditure PPPs for Sectoral Output and Productivity Comparisons Robert Inklaar Marcel P. Timmer 617

Abbreviations 645

Glossary 647

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