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| Definition: |
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A PPP for a basic heading or an aggregate between two countries, country B and country A, where the reference country is country A and the weights are those of country A.
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| Context: |
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At the basic heading level, the PPP is defined as a quasi-weighted geometric average of the price relatives between country B and country A for the products representative of country A. At an aggregate level, the PPP is defined as the weighted arithmetic average of the PPPs between country B and country A for the basic headings covered by the aggregate with the expenditure shares of country A being used as weights.
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| Source
Publication: |
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Eurostat, OECD, 2007, Eurostat-OECD Methodological Manual on Purchasing Power Parities, OECD, Paris – Annex VII, Glossary of terms and abbreviations.
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| Statistical
Theme: Prices and purchasing power partities |
| Created
on Thursday, July 12, 2007 |
| Last
updated on Thursday, July 12, 2007 |
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