Who shrunk China?
puzzles in the measurement of real GDP
Edición de la obra Who shrunk China?
| Autor | Robert C. Feenstra |
|---|---|
| Editorial | National Bureau of Economic Research |
| Fecha de publicación | 2012 |
| Lugar | Cambridge, MA |
| Idioma | inglés |
| Formato | Electronic resource |
| LCCN | 2011657588 |
| Serie | NBER working paper series -- working paper 17729 · Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17729. |
| Número de Cutter | F295w |
"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.