Understanding PPPs and PPP-based national accounts

@inproceedings{Deaton2009UnderstandingPA,
  title={Understanding PPPs and PPP-based national accounts},
  author={Angus S Deaton},
  year={2009}
}
PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank’s World Development Indicators; a substantial fraction of the world is also covered in the PPP accounts produced by the OECD and the European Union. This paper provides an overview of how these data are constructed, and discusses both the theory and the practical… CONTINUE READING

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