An econometric approach to the construction of complete panels of purchasing power parities: Analytical properties and empirical results

Rao, D. S. Prasada, Rambaldi, Alicia and Doran, Howard (2010). An econometric approach to the construction of complete panels of purchasing power parities: Analytical properties and empirical results. In: Econometric Society 10th World Congress: Papers. Econometric Society 10th World Congress (ESWC 2010), Shangai, China, (). 17-21 August 2010.

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Author Rao, D. S. Prasada
Rambaldi, Alicia
Doran, Howard
Title of paper An econometric approach to the construction of complete panels of purchasing power parities: Analytical properties and empirical results
Conference name Econometric Society 10th World Congress (ESWC 2010)
Conference location Shangai, China
Conference dates 17-21 August 2010
Proceedings title Econometric Society 10th World Congress: Papers
Place of Publication New York, U.S.A.
Publisher The Econometric Society
Publication Year 2010
Sub-type Fully published paper
Total pages 37
Collection year 2011
Language eng
Abstract/Summary The paper presents analytical properties and empirical results from a new method for the construction of a consistent panel of Purchasing Power Parities (PPPs) which improves upon the current practice used in the construction of the Penn World Tables, PWT, and similar tables produced by the World Bank. An econometric model that allows the combination of several sources of information is represented in state-space form. The predictions (and standard errors) produce a complete panel of PPPs. A number of analytical and empirical results highlight the properties and flexibility of the method presented. Results are compared to PWT6.3.
Keyword Penn World Tables
Purchasing Power parities
Spatial autocorrelation
State-space models
Kalman Filter
Q-Index Code EX
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Published online under Event/Category: Macroeconomics, Session: Growth Empirics, Paper no. 2931

Document type: Conference Paper
Collections: Non HERDC
School of Economics Publications
 
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Created: Wed, 09 Mar 2011, 14:26:50 EST by Alicia N. Rambaldi on behalf of School of Economics