Download or read book Purchasing Power Parity in Developing Countries written by Leonardo Cruz Basso and published by . This book was released on 2017 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article evaluates the long-term foreign exchange rate on the Purchasing Power Parity model in development countries. The tests were applied to seven countries in the Americas, eight countries in Africa, five in Asia, and five in the Middle East, using the United States as the reference country. To test the model, we used the consumer price index, the implicit GDP deflator, the wholesale price index, and the producer price index; the exchange rates were period-ending rates, for the period from 1965 to 2015, with annual frequency. We applied the Vector Error-Correction Model as a mechanism for correcting errors of the co-integration vectors, using STATA-14 software. Of the projections thereby produced, only four combinations corroborated the theory, therefore it is possible to say that we were unable to corroborate PPP.
Download or read book Eurostat OECD Methodological Manual on Purchasing Power Parities 2012 Edition written by OECD and published by OECD Publishing. This book was released on 2012-11-30 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: This manual gives a complete, detailed and up-to-date description of the Eurostat-OECD PPP Programme, including its organisation, the various surveys carried out by participating countries and the ways PPPs are calculated and disseminated. It also provides guidance on the use of PPPs.
Download or read book A re examination of the Purchasing Power Parity using non stationary dynamic panel methods a comparative approach for developing and developed countries written by Imed Drine and Christophe Rault and published by . This book was released on 2003 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Purchasing Power Parity for Developing and Developed Countries written by Imed Drine and published by . This book was released on 2008 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong PPP is verified for OECD countries and weak PPP for MENA countries. However in African, Asian, Latin American and Central and Eastern European countries, PPP does not seem relevant to characterize the long-run behavior of the real exchange rate. Further investigations indicate that the nature of the exchange rate regime doesn't condition the validity of PPP which is more easily accepted in countries with high than low inflation.
Download or read book Handbook on Constructing Composite Indicators Methodology and User Guide written by OECD and published by OECD Publishing. This book was released on 2008-08-22 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide for constructing and using composite indicators for policy makers, academics, the media and other interested parties. In particular, this handbook is concerned with indicators which compare and rank country performance.
Download or read book 2017 International Comparison Program in Asia and the Pacific written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-05-01 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides estimates of purchasing power parities (PPPs) and real expenditures for 22 economies in Asia and the Pacific. These are summary regional results from the 2017 cycle of the International Comparison Program (ICP), a global statistical initiative carried out under the auspices of the United Nations Statistical Commission. The report provides estimates of PPPs, real expenditures for total and per capita gross domestic product (GDP) and its component expenditures derived using PPPs, and price level indexes showing relative costs of living. The PPPs enable comparison in real terms across economies by removing the price level differences among them.
Download or read book Technical Assistance for Strengthening and Collection of Purchasing Power Parity Data in Selected Developing Member Countries written by B. D. Pant and published by . This book was released on 2002 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Purchasing Power Parities and the Size of World Economies written by World Bank Group and published by World Bank Publications. This book was released on 2020-07-06 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Comparison Program (ICP) is a worldwide statistical initiative led by the World Bank under the auspices of the United Nations Statistical Commission. It produces comparable price and volume measures of gross domestic product (GDP) and its expenditure aggregates across economies. Through a partnership with international, regional, sub-regional and national agencies, the ICP collects price data and GDP expenditures to estimate purchasing power parities (PPPs) for the world’s economies. The report provides ICP results for the benchmark year 2017 and revised results for earlier years. ICP data are used for socio-economic analyses by researchers, academics, policy makers at the national and international levels, and by organizations such as the European Union, the International Monetary Fund, the Organization for Economic Co-operation and Development, the United Nations, and the World Bank. Notably, PPPs and ICP data are used in indicators monitoring progress towards eight goals of the United Nations’ 2030 Agenda for Sustainable Development, the World Bank’s international poverty lines, and the construction of the Human Development Index by the United Nations, among others. The use of PPPs continues to grow and the ICP website (icp.worldbank.org) lists many applications of the data by the development community, academia, media and others.
Download or read book Exchange Rate Parity for Trade and Development written by Pan A. Yotopoulos and published by Cambridge University Press. This book was released on 1996 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.
Download or read book Purchasing Power Parity in Asian Developing Countries written by Min Tang and published by . This book was released on 1994 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Time Varying Thresholds written by Serineh Najarian and published by International Monetary Fund. This book was released on 2003-09-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces a time-varying threshold autoregressive model (TVTAR), which is used to examine the persistence of deviations from PPP. We find support for the stationary TVTAR against the unit root hypothesis; however, for some developing countries, we do not reject the TVTAR with a unit root in the corridor regime. We calculate magnitudes, frequencies, and durations of the deviations of exchange rates from forecasted changes in exchange rates. A key result is asymmetric adjustment. In developing countries, the average cumulative deviation from forecasts during periods when exchange rates are below forecasts is twice the corresponding measure during periods when exchange rates are above forecasts.
Download or read book Constructing Purchasing Power Parities Using a Reduced Information Approach written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-01-01 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication presents the methodology and results of research on a cost-effective approach for estimating purchasing power parities (PPPs). The study drew on price and national accounts data from 20 economies in Asia and the Pacific. It used a “reduced information” approach to generate more firmly based estimates of PPPs, price level indexes, and measures of real (PPP-based) expenditures than conventional extrapolation methods would obtain. The results include PPP-based gross domestic product and its major aggregates of individual consumption expenditure by households and nonprofit institutions serving households, government final consumption expenditure, gross fixed capital formation, changes in inventories and acquisitions less disposals of valuables, and balance of exports and imports.
Download or read book 2017 International Comparison Program for Asia and the Pacific written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-10-01 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides a comprehensive account of the 2017 International Comparison Program (ICP) cycle for 22 economies in Asia and the Pacific. It provides in-depth analyses of estimates of purchasing power parities (PPPs), total and per capita real (PPP-converted) gross domestic product and its component expenditures, and price level indexes showing relative costs of living. The PPPs enable comparison in real terms across economies by removing the price level differences among them. This report also presents in detail the conceptual framework and methodological approaches used in implementing the ICP.
Download or read book Purchasing Power Parities and the International Comparison Program in a Globalized World written by Bishnu D. Pant and published by . This book was released on 2004 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Eurostat OECD Methodological Manual on Purchasing Power Parities written by and published by . This book was released on 2006 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eurostat, the OECD and 47 participating countries work together in establishing purchasing power parities, or PPPs, in order to compare the price and volume levels of the GDPs. This programme is called the Eurostat-OECD PPP Programme and the methodological manual provides a detailed description of it. The manual has three aims: first, to explain to practitioners in Eurostat, the OECD and the national statistical institutes how PPPs are compiled; second, to enable practitioners to advise on the use and interpretation of results to users; and third, to provide a point of reference accessible to teachers, students and other members of the general public interested in PPPs and related statistics. The manual has been jointly produced by the OECD, Eurostat and the members of a Manual Taskforce with delegates from 5 participating countries. The electronic version of the manual is made available on both the OECD and Eurostat websites.
Download or read book Purchasing Power Parity and Real Exchange Rates written by Mark P. Taylor and published by Routledge. This book was released on 2013-09-13 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term Purchasing Power Parity may date from the early twentieth century, when it was coined by the Swedish economist Gustav Cassel, but the underlying concept had been enjoying varying degrees of success since its development in sixteenth century Spain. Even towards the end of the twentieth century, and especially since the breakdown of the Bretton Woods system of fixed exchange rates, PPP and the stability of real exchange rates continued to be the subject of academic debate. This volume brings together essays covering aspects of current thinking on Purchasing Power Parity, from the various ways in which to test for its existence, to its appearance in different economies around the world, to examinations of the explanations given when PPP does not appear to hold This book was published as a special issue of Applied Financial Economics. The academic editor of this journal is Mark P. Taylor.
Download or read book Purchasing Power Parities of Currencies written by D. S. Prasada Rao and published by Edward Elgar Publishing. This book was released on 2009 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This up-to-date book demonstrates how the purchasing power parities (PPPs) of currencies are being increasingly used in place of exchange rates for a variety of purposes. These include: comparisons of real income, measurements of global inequality and poverty, calculation of the human development index and assessment of nations economic performance. Despite the increasing popularity of PPPs, many users have very little appreciation of the data and methods used in their derivation. This timely monograph brings together a number of significant contributions from leading researchers in the field, offering a comprehensive review of the latest methods used in the construction and application of PPPs. The authors provide a broad overview of the current state-of-the-art both in terms of techniques as well as current practice with various international organisations. Given the increasing application of PPPs in this truly globalised world, this book will be a stimulating read for researchers and academics involved in international comparisons and development economics, general economists and economist statisticians.
