Measuring the real size of the world economy : the framework, methodology, and results of the International Comparison Program--ICP.

Format:

Book

Government document

Contributor:

World Bank.

Language:

English

Subjects (All):

International Comparison Programme.

National income--Statistical methods.

National income.

Gross domestic product--Statistical methods.

Gross domestic product.

Purchasing power parity.

Economics--Statistical methods.

Economics.

Statistics.

Physical Description:

xxxiv, 659 pages : illustrations ; cm

Place of Publication:

Washington, DC : World Bank, [2013]

Summary:

Measuring the Real Size of the World Economy: The Framework, Methodology, and Results of the International Comparison Program-ICP is the most comprehensive accounting ever presented by the International Comparison Program (ICP) of the theory and methods underlying the estimation of purchasing power parities (PPPs). PPPs reveal the relative sizes of economies by converting their gross domestic products and related measurements into a common currency, thereby enabling comparisons based on economic and statistical theory. By disclosing the theory, concepts, and methods underlying the estimates, this book increases the transparency of the ICP process. Greater transparency allows researchers, users of PPPs, and those involved in implementation of the program to better understand the strengths, limitations, and assumptions underlying its results. is book also provides a forward-looking view of methodological developments with an eye toward improving the quality of future comparisons. The ICP is now the largest and most complex statistical program in the world. In 2005 it included 100 countries and economies, working in parallel with the 46 countries in the Eurostat-Organisation for Economic Co-operation and Development (OECD) PPP program. Measuring the Real Size of the World Economy was prepared by the ICP Global Office in the World Bank, with contributions from the leading international experts in the fields of economics and statistics on international comparisons. Book jacket.

Contents:

Executive summary / Frederic A. Vogel

Introduction : reshaping the world / Angus S. Deaton

The framework of the International Comparision Program / D.S. Prasada Rao

Governance structure of ICP 2005 / Paul McCarthy

National accounts framework for international comparisons : GDP compilation and breakdown process / Paul McCarthy

Computation of basic heading PPPs for comparisons within and between regions / D.S. Prasada Rao

Methods of aggregation above the basic heading level within regions / W. Erwin Diewert

Methods of aggregation above the basic heading level : linking the regions / W. Erwin Diewert

The ICP survey framework / Frederic A. Vogel

The ring comparison : linking the regions / Frederic A. Vogel

Validation of ICP regional prices and basic heading PPPs / David Roberts

Validation of basic heading and aggregated PPPs : when does validation end and estimation begin? / Frederic A. Vogel

Health and education / Derek Blades

Dwelling services / Alan Heston

Construction / Paul McCarthy

Machinery and equipment / Derek Blades

Government services / Derek Blades

Government services : productivity adjustments / Alan Heston

Reference PPPs / Derek Blades and Yuri Dikhanov

Extrapolating PPPs and compariing ICP benchmark results / Paul McCarthy

Results and empirical analysis, ICP 2005 / Yuri Dikhanov and Frederic A. Vogel

Absolute poverty measures for the developing world, 1981-2008 / Shaohua Chen and Martin Ravallion

PPP exchange rates for the global poor / Angus S. Deaton and Olivier Dupriez

International relative price levels : an empirical analysis / Charles Thomas ... [et al.]

PPP estimates : applications by the International Monetary Fund / Mick Silver

Using expenditure PPPs for sectoral output and productivity comparisons / Robert Inklaar and Marcel P. Timmer.

Notes:

"This work is a product of the staff of The World Bank with external contributions"--T.p. verso.

Includes bibliographical references.

ISBN:

9780821397282

0821397281

OCLC:

812255387