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Measuring the real size of the World economy : the framework, methodology, and research of the International Comparison Program (ICP), Volume 1
 
Author:Blades, Derek; Chen, Shaohua; Coonan, James; Deaton, Angus S.; Country:World;
Date Stored:2013/07/12Document Date:2013/01/01
Document Type:PublicationSubTopics:Knowledge Economy; Economic Geography; Capital Flows; International Trade and Trade Rules; Access to Markets
ISBN:978-0-8213-9728-2Language:English
Region:The World RegionReport Number:79451
Collection Title:International Comparison Program (ICP)Volume No:1

Summary: The International Comparison Program (ICP) has become not only the largest international statistical program in the world, but also the most complex. In the years leading up to 2005, six rounds of the ICP were conducted, each with more countries and each with improved methodology. This volume is a comprehensive review of the statistical theory and methods underlying the estimation of purchasing power parities (PPPs) and real expenditures, the choices made for the 2005 ICP round, and the lessons learned that led to improvements in the 2011 ICP. Disclosing the theory, concepts, and methods underlying estimates enhances the transparency of the 2011 ICP process. This book describes the challenges faced by the 2005 round of the ICP, the new theories and methods developed to address those problems, and the lessons learned that can be applied to future rounds of the ICP. The book refers to six geographic regions of the world. This volume also contains several chapters about uses of the data from the 2005 ICP. These uses are significant because they expand the boundaries of the needs served by the ICP to encompass poverty estimation and analysis of the global economic situation.

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