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EQUI-REPRESENTATIVITY

Statistics Directorate    
Definition:
The property whereby the composition of the item list for a basic heading is such that each country is able to price that number of representative items which is commensurate with the heterogeneity of products and price levels covered by the basic heading and its expenditure on the basic heading.

The object is to obtain PPPs that are both unbiased and reliable.

Source Publication:
Eurostat, OECD, 2007, Eurostat-OECD Methodological Manual on Purchasing Power Parities, OECD, Paris – Annex VII, Glossary of terms and abbreviations.

Cross References:
Representativity

Statistical Theme: Prices and purchasing power partities

Created on Thursday, July 12, 2007

Last updated on Thursday, July 12, 2007