WHO SHRUNK CHINA? PUZZLES IN THE MEASUREMENT OF REAL GDP

被引：22

作者：

Feenstra, Robert C. ^{[1
,2
]}

Ma, Hong ^{[3
]}

Peter Neary, J. ^{[4
,5
]}

Rao, D. S. Prasada ^{[6
]}

机构：

[1] Univ Calif Davis, Davis, CA USA

[2] NBER, Cambridge, MA 02138 USA

[3] Tsinghua Univ, Beijing, Peoples R China

[4] Univ Oxford, Oxford OX1 3UQ, England

[5] CEPR, Washington, DC USA

[6] Univ Queensland, Brisbane, Qld 4072, Australia

来源：

ECONOMIC JOURNAL | 2013年 / 123卷 / 573期

基金：

美国国家科学基金会;

关键词：

GEKS; Geary-Khamis and GAIA Indexes; Gerschenkron Effect; International comparisons of real income and GDP; Measurement economics; Substitution bias; INTERNATIONAL COMPARISONS; ECONOMIC-THEORY; INDEX NUMBERS; OUTPUT; CONSUMER; INPUT;

D O I：

10.1111/ecoj.12021

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle including substitution bias in consumption, reliance on urban prices, which we estimate are higher than rural ones, and the use of an expenditure-weighted rather than an output-weighted measure of GDP. Taking all these together, we estimate that Chinese real per capita GDP was 30% higher in 2005 than the World Bank estimates. Our empirical procedures have implications more broadly for international comparisons of living standards and real GDP.

引用

页码：1100 / 1129

页数：30

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