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Estimating real production and expenditures across nations : a proposal for improving the Penn world tables / Robert C. Feenstra ... [and others].
- Format:
- Book
- Author/Creator:
- Feenstra, Robert C.
- Series:
- Working paper series (National Bureau of Economic Research : Online) ; working paper no. 10866.
- World Bank e-Library.
- NBER working paper series ; working paper 10866
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- NBER working paper series vol. working paper 10866
- Estimating Real Production and Expenditures Across Nations
- Place of Publication:
- Cambridge, MA : National Bureau of Economic Research, c2004.
- System Details:
- data file
- Summary:
- "In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown 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 14 European countries and the U.S. it is shown that differences between real GDP measured from the expenditure and output-side can be substantial, especially for small open economies"--National Bureau of Economic Research web site.
- Notes:
- Print version record
- November 2004.
- Includes bibliographical references.
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