Who shrunk China?
puzzles in the measurement of real GDP
by Robert C. Feenstra
"The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle and conclude that it reflects a combination of factors, including substitution bias in consumption, reliance on urban prices which we estimate are higher than rural ones, and the use of an expenditure-weighted rather than an output-weighted measure of GDP. Taking all these together, we estimate that real per-capita GDP in China was 50% higher relative to the U.S. in 2005 than the World Bank estimates"--National Bureau of Economic Research web site.
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Who shrunk China?: puzzles in the measurement of real GDP
2012, National Bureau of Economic Research
Electronic resource
in English
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Title from PDF file as viewed on 2/28/2012.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| October 17, 2020 | Edited by MARC Bot | import existing book |
| March 15, 2012 | Created by LC Bot | import new book |