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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...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2009.
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| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- 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.
- 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.