Estimating real production and expenditures across nations
Subtitle: a proposal for improving the Penn world tables
By: Robert C. Feenstra ... [et al.].
Contributors: Feenstra, Robert C.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10866; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10866.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Gross domestic product.
Description: "In this paper we propose a new approach to international comparisons of real GDP measured from the output-side.  The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries.  It is shown that this system has a strictly positive solution under mild assumptions.  On the basis of a set of domestic final output, import and export prices and values for 14 European countries and the U.S.  it is shown that differences between real GDP measured from the expenditure and output-side can be substantial, especially for small open economies"--National Bureau of Economic Research web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/4/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.