Measuring the Real Size of the World Economy : The Framework, Methodology, and Results of the International Comparison Program (ICP).
Title:
Measuring the Real Size of the World Economy : The Framework, Methodology, and Results of the International Comparison Program (ICP).
Author:
Bank, World.
ISBN:
9780821397312
Personal Author:
Physical Description:
1 online resource (761 pages)
Contents:
Front Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- Contributing Authors -- Executive Summary -- Introduction: Reshaping the World -- 1 The Framework of the International Comparison Program -- 2 Governance Structure of ICP 2005 -- 3 National Accounts Framework for International Comparisons: GDP Compilation and Breakdown Process -- 4 Computation of Basic Heading PPPs for Comparisons within and between Regions -- 5 Methods of Aggregation above the Basic Heading Level within Regions -- 6 Methods of Aggregation above the Basic Heading Level: Linking the Regions -- 7 The ICP Survey Framework -- 8 The Ring Comparison: Linking the Regions -- 9 Validation of ICP Regional Prices and Basic Heading PPPs -- 10 Validation of Basic Heading and Aggregated PPPs: When Does Validation End and Estimation Begin? -- 11 Health and Education -- 12 Dwelling Services -- 13 Construction -- 14 Machinery and Equipment -- 15 Government Services -- 16 Government Services: Productivity Adjustments -- 17 Reference PPPs -- 18 Extrapolating PPPs and Comparing ICP Benchmark Results -- 19 Results and Empirical Analysis, ICP 2005 -- 20 Absolute Poverty Measures for the Developing World, 1981-20085 -- 21 PPP Exchange Rates for the Global Poor -- 22 International Relative Price Levels: An Empirical Analysis -- 23 PPP Estimates: Applications by the International Monetary Fund -- 24 Using Expenditure PPPs for Sectoral Output and Productivity Comparisons -- Abbreviations -- Glossary -- Back Cover.
Abstract:
Measuring the Real Size of the World Economy: The Framework,Methodology, and Results of the International ComparisonProgram-ICP is the most comprehensive accounting everpresented by the International Comparison Program (ICP) ofthe theory and methods underlying the estimation ofpurchasing power parities (PPPs). PPPs reveal the relativesizes of economies by converting their gross domesticproducts and related measurements into a common currency,thereby enabling comparisons based on economic andstatistical theory.By disclosing the theory, concepts, and methods underlyingthe estimates, this book increases the transparency of the ICPprocess. Greater transparency allows researchers, users ofPPPs, and those involved in implementation of the programto better understand the strengths, limitations, andassumptions underlying its results. is book also provides aforward-looking view of methodological developments withan eye toward improving the quality of future comparisons.The ICP is now the largest and most complex statisticalprogram in the world. In 2005 it included 100 countries andeconomies, working in parallel with the 46 countries in theEurostat-Organisation for Economic Co-operation andDevelopment (OECD) PPP program.Measuring the Real Size of the World Economy was prepared bythe ICP Global Office in the World Bank, with contributionsfrom the leading international experts in the fields ofeconomics and statistics on international comparisons.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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