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The Hedonic Country Product Dummy Method and Quality Adjustments for Purchasing Power Parity Calculations.

The 2005 International Comparison Program's (ICP) estimates of economy-wide purchasing power parity (PPP) are based on parity estimates for 155 basic expenditure headings, mainly estimated using country product dummy (CPD) regressions. The estimates are potentially inefficient and open to omitt...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Silver, Mick
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 4 |a The Hedonic Country Product Dummy Method and Quality Adjustments for Purchasing Power Parity Calculations. 
260 |a Washington :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (51 pages) 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a IMF Working Papers ;  |v v. Working Paper No. 09/271 
588 0 |a Print version record. 
505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The 2005 ICP Methodology; A. Aggregation at the Basic Heading Level; B. Checklists, Missing Observations, Non-Comparable Replacements, and Quality Adjustments; III. The Hedonic CPD Method and Use of Grouped Data; A.A CPD Regression Using Averages Across Outlets; B.A Hedonic CPD Regression Using Averages Across Outlets; C.A Hedonic CPD Regression Based Only on Selected Stratifying Factors, not Covariates; D. Explicit Quality Estimates; E. Explicit Hedonic Quality Adjustments. 
505 8 |a IV. The Hedonic CPD Method and Use of Ungrouped DataA. A CPD Regression with Outlet Interaction Terms; B.A Hedonic CPD Regression; C.A Pooled Cross-Country Hedonic Regression; D. The Choice of Estimator for a Hedonic CPD Regression; Fixed effects estimator; Random effects estimator; Hausman and Taylor estimator; Tests for choosing among estimators; V. Summary; Footnotes. 
520 |a The 2005 International Comparison Program's (ICP) estimates of economy-wide purchasing power parity (PPP) are based on parity estimates for 155 basic expenditure headings, mainly estimated using country product dummy (CPD) regressions. The estimates are potentially inefficient and open to omitted variable bias for two reasons. First, they use average prices across outlets as the left-hand-side variable. Second, quality-adjusted prices of non-comparable replacements, required when products in outlets do not match the required specifications, cannot be effectively included. This paper provides a. 
504 |a Includes bibliographical references. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Purchasing power parity. 
650 0 |a Purchasing power. 
650 6 |a Parités de pouvoir d'achat. 
650 6 |a Pouvoir d'achat. 
650 7 |a Purchasing power  |2 fast 
650 7 |a Purchasing power parity  |2 fast 
758 |i has work:  |a The hedonic country product dummy method and quality adjustments for purchasing power parity calculations (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCFBKvCtmkgv7VCmQbyCHbq  |4 https://id.oclc.org/worldcat/ontology/hasWork 
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