There are a lot of important applications of PPP(Purchasing Power Parity) in practice.One usually uses the linear weighted method to calculate PPP in practice.In this paper the equations used to calculate PPP are deduced by the maximum utility law.The major conclusion of this paper is that it...
While national and international statistical agencies spend much resource on calculating purchasing power parity (PPP) between countries, relatively little attention is given to PPP calculations within countries. Yet, for large and heterogeneous countries, such as the US and India, intra country PPP is...
A panel project on purchasing power parity: Mean reversion within and between countries Deviations from purchasing power parity (PPP) appear to have half-lives of approximately four years. The long samples required for statistical significance ......
One example involves a fleet of 10 pickup trucks in the Chicago area, each driven 100 miles per day. The purchase price for obtaining thebattery-electric trucksis $79,164 higher than the costs for purchasing equivalent conventional pickups. However, EV subsidies of $19,848 help to defray som...
purchasing power parityconsumer price indeximplicit price deflatorgross domestic productCPIGDPInflation touches many areas of law, and the law's response to inflation constitutes a policymaking opportunity in its own right. Legislators have long realized that the use of specific dollar figures or ...
While purchasing power parity (PPP) between countries has received a great deal of attention, PPP calculations within countries have received less attention. The idea that one unit of currency has the same purchasing power in all regions in large countries is false. This paper addresses this ...