The Wealth and Poverty of Nations : True PPPs for 141 Countries

  title={The Wealth and Poverty of Nations : True PPPs for 141 Countries},
  author={Nicholas Oulton},
This paper sets out a new method for estimating true (Konüs) PPPs. Household consumption deflated by these PPPs answers the question: by how much must the average expenditure per head of poor country A be increased to enable the typical inhabitant of A to enjoy the same utility level as the typical inhabitant of rich country B? The method is applied to 141 countries included in the World Bank’s 2005 International Comparison Program, at the level of 100 products. The resulting estimates of the… CONTINUE READING

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