On a method of calculating regional price differentials with illustrative evidence from India
Introduction: The measurement of regional differences in consumer price levels is important to policy makers in business, government and academics as well as to individual citizens faced with decisions on where to live. Estimates of the magnitude of regional price differences are needed in comparisons of real income, levels of living or consumer expenditure patterns across regions. In large Federal countries such as India and the US, with considerable heterogeneity in preferences, quality of...[Show more]
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