Estimating Purchasing Power Parity Converters for International Comaparisons across Asian Countries: Prewar Case
Hironobu Nakagawa
Index
1. Introduction
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- 1.1 PPP converters for international comparisons
- 1.2 PPPs for Asian countries: the prewar case
2. Methodological Issues
3. A Solution to the Limited Data Acailability Problem
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- 3.1 The use of the minimum spanning tree method
- 3.2 Wage as a proxy for the price of services
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- 3.2.1 Price of services as a determinant of international price differentials
- 3.2.2 Theoretical background to explain the link between wage and price of services
- 3.3 An experiment using recent data
- 3.3.1 Wage data
- 3.3.2 Results
4. An Application to the Prewar Asian Case
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- 4.1 Our spanning tree
- 4.2 Data
- 4.3 Results
5. Concluding Remarks
Appendix
References
E-mail: coe-admi@ier.hit-u.ac.jp