Please turn off your ad blocker so we can further develop the platform.
Definition: Country-product-representativity-dummy method
Category: Purchasing power parities
A variant of the CPD method (Country-product-dummy method) which has an additional dummy variable to denote whether or not the product is representative. The assumption is that the ratio of price levels for representative and non-representative products is the same for all products within a basic heading. In theory the ratio should be less than one because unrepresentative products are expected to be more expensive than representative products. http://ec.europa.eu/eurostat/product?code=KS-RA-12-023&mode=view
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012
Created:
Updated: