The framework of the International Comparison Program

Rao, D. S. Prasada (2013). The framework of the International Comparison Program. In Measuring the Real Size of the World Economy: The Framework, Methodology, and Results of the International Comparison Program—ICP (pp. 13-45) Washington, DC, USA: World Bank. doi:10.1596/978-0-8213-9728-2

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Author Rao, D. S. Prasada
Title of chapter The framework of the International Comparison Program
Title of book Measuring the Real Size of the World Economy: The Framework, Methodology, and Results of the International Comparison Program—ICP
Place of Publication Washington, DC, USA
Publisher World Bank
Publication Year 2013
Sub-type Research book chapter (original research)
DOI 10.1596/978-0-8213-9728-2
ISBN 9780821397282
9780821397312
Chapter number 1
Start page 13
End page 45
Total pages 33
Total chapters 28
Collection year 2014
Language eng
Formatted Abstract/Summary
Provides an overview of the approaches used in the 2005 International Comparison Program (ICP), the most innovative aspects of which were the complete regionalization of international comparisons—thereby improving the comparability and representativity of products priced for the purpose of purchasing power parity (PPP) computations—and the development of a methodology for linking comparisons to derive global comparisons satisfying fixity. The new methodology and the use of a large number of Ring countries to strengthen the linking process have helped to improve the quality and reliability of global PPPs. A global statistical initiative, the ICP collects comparative price data and estimates the PPPs of the currencies of the world’s economies. Demand for data on internationally comparable national income aggregates includes (1) gross domestic product (GDP), (2) per capita income, and (3) government expenditures on health, education, defense, and investment. Research relies heavily on the availability of reliable real income measures.
Q-Index Code BX
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Book Chapter
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School of Economics Publications
 
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Created: Thu, 09 Jan 2014, 15:44:14 EST by Alys Hohnen on behalf of School of Economics