Purchasing Power Parity Preliminary Report
Asian Development Bank | July 2007
Abstract
The 2005 round of the International Comparison Program in Asia and the Pacific region (ICP Asia Pacific) has achieved a number of milestones. The simultaneous participation of the People’s Republic of China and India, which together account for 64% of the total real gross domestic product of the 23 participating economies, was a first for the ICP and significantly increased the coverage of the round. In addition, the diversity in the economies in terms of size, geography, and statistical capacities was overcome as the 23 participating economies worked harmoniously to generate price and national accounts data that are broadly comparable. Further, the estimates of purchasing power parities in this round are far more robust than previous rounds because of improvements in methodology, data collection, data review, and data processing. Finally, the ICP Asia Pacific has established the technical know-how and institutional requirements that future ICP rounds could build on.
Citation
Asian Development Bank. 2007. Purchasing Power Parity Preliminary Report. © Asian Development Bank. http://hdl.handle.net/11540/2559. License: CC BY 3.0 IGO.Keywords
Development Economics
Regional Economic Development
Economic Impact
Asian Development Bank
Development
Economic Boom
Regional Economic Integration
Good Governance
Governance Approach
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Economies in transition
International economy
Border integration
Economic integration
Gross domestic product
Trade policy
Institutional Framework
Public Administration
Business Ethics
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
Communication in economic development
Restraint of trade
International economic integration
Trade blocs
East-West trade
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