The mismeasured price takers: an alternative approach to the Penn World Table measurements of output growth in open economies
The Penn World Table (PWT) builds a measure of welfare that is suitable for com- parisons between countries: real GDP at current PPPs. This measure treats the trade balance component of GDP as a transfer of expenditure between countries. By means of an extension to trade of the two-sector AK model s...
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| Format: | Thesis (University of Nottingham only) |
| Language: | English |
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2023
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| Online Access: | https://eprints.nottingham.ac.uk/76566/ |