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| Definition: |
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The property that requires transitive multilateral comparisons between members of a group of countries to retain the essential features of the intransitive binary comparisons that existed between them before transitivity. A transitive multilateral comparison between a pair of countries is influenced by the price and quantity data of all other participating countries.
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| Context: |
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Characteristicity requires that the impact of these influences should be kept to a minimum when they are introduced into the intransitive binary comparison. In other words, the multilateral PPP between two countries should deviate as little as possible from their binary PPP.
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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, February 6, 2003 |
| Last
updated on Thursday, July 12, 2007 |
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