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Spatial Chaining in International Comparisons of Prices and Real Income

Hajargasht, Reza; Hill, Robert; Rao, D. S. Prasada; Shankar, Sriram

Description

Multilateral international comparisons of the purchasing power of currencies and real income often use as building blocks bilateral comparisons between all possible pairs of countries. The standard approach in the literature weights all these bilaterals equally. One problem with this approach is that some bilaterals are typically of lower quality, and their inclusion therefore can undermine the integrity of the multilateral comparison. Formulating multilateral comparisons as a graph theory...[Show more]

CollectionsANU Research Publications
Date published: 2018
Type: Journal article
URI: http://hdl.handle.net/1885/187040
Source: Graz Economics Papers
Access Rights: Open Access via publisher website

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