Price Levels and Economic Growth : Making Sense of the PPP Changes between ICP Rounds

Price Levels and Economic Growth : Making Sense of the PPP Changes between ICP Rounds

To the surprise of many observers, the 2005 International Comparison Program (ICP) found substantially higher purchasing power parity (PPP) rates, relative to market exchange rates, in most developing countries. For example, China s price level ind...

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Bibliographic Details
Main Author:	Ravallion, Martin
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	BENCHMARK BENCHMARKS BUSINESS SERVICES COMMODITIES COMPETITIVE MARKET CONSUMER PRICE CONSUMER PRICE INDEX COST OF LIVING COUNTRY FIXED EFFECT CURRENCY DEFLATORS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DOMESTIC PRICES DUMMY VARIABLE ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC LIBERALIZATION ECONOMIC PERFORMANCE ECONOMIC THEORY ELASTICITY EXCHANGE RATE EXCHANGE RATES EXPECTED VALUE EXPENDITURE EXPENDITURES EXPORTS FACTORS OF PRODUCTION GDP GDP DEFLATOR GDP PER CAPITA GROWTH RATES GROWTH RATE HUMAN CAPITAL INCOME INCOME LEVEL INDEX NUMBERS INFLATION INFLATION RATE INFLATION RATES INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INSTRUMENT INTERNATIONAL BANK INTERNATIONAL COMPARISON INTERNATIONAL COMPARISONS INTERNATIONAL ECONOMICS LABOR MARKETS LOCAL CURRENCY MACROECONOMIC DATA MACROECONOMICS MARGINAL PRODUCT MARKET ECONOMY MIDDLE-INCOME COUNTRIES MISSING DATA NATURAL RESOURCE POLITICAL ECONOMY POWER PARITIES POWER PARITY PRICE LEVEL PRICE LEVEL CHANGES PRICE LEVELS PRODUCTIVITIES PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PURCHASING PURCHASING POWER REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REAL GROWTH RATES REAL INCOME RELIABILITY RESERVE RESULT RESULTS RETURN STRUCTURAL CHANGE SURPLUS SURPLUS LABOR TECHNOLOGICAL CHANGE UNDERVALUATION USERS USES WAGE RATES WAGES WEALTH WEB WORLD DEVELOPMENT INDICATORS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100318141230 http://hdl.handle.net/10986/3729

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