Aggregation of Economic Indicators Across Countries : Exchange Rate versus PPP Based GDP Weights

Exchange Rate versus PPP Based GDP Weights

Aggregation of Economic Indicators Across Countries : Exchange Rate versus PPP Based GDP Weights
Relative GDP shares are frequently used as weights in aggregations. In order to ensure that these weights reflect countries' shares in real output, GDP data in national currencies should be converted into a common numeraire currency at purchasing power parity (PPP) rates. A review of the empirical evidence on the relationship between exchange... READ MORE...

Publication date: May 1992
ISBN 9781451845396
$15.00

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