Data and Code for: Shining a Light on Purchasing Power Parities

Principal Investigator(s):  View help for Principal Investigator(s) Maxim Pinkovskiy, Federal Reserve Bank of New York; Xavier Sala-i-Martin, Columbia University

Version:  View help for Version V1

Name File Type Size Last Modified
  Replication-Files 12/30/2021 10:22:PM
README.pdf application/pdf 228.3 KB 11/01/2019 11:11:AM

Project Citation: 

Pinkovskiy, Maxim, and Sala-i-Martin, Xavier. Data and Code for: Shining a Light on Purchasing Power Parities. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-12-07. https://doi.org/10.3886/E111003V1

Project Description

Summary:  View help for Summary These are replication files for
Pinkovskiy, Maxim L. and Xavier Sala-i-Martin. 2019. “Shining a Light on Purchasing Power Parities.” American Economic Journal: Macroeconomics.

We use satellite-recorded nighttime lights as an independent benchmark of economic activity (Pinkovskiy and Sala-i-Martin (2016)) in order to generate three findings in the study of PPP-adjusted estimates of GDP. First, PPP-adjusted estimates better describe poor economies than do market exchange rate-based estimates today, although this was not the case in the late 1990s. Second, estimates of PPPs have been steadily improving from one price survey round to the next. Third, it has tended to be optimal to only use the latest price data, and hence, to revise existing PPP-adjusted estimates whenever a new price survey is
released.


Scope of Project

JEL Classification:  View help for JEL Classification
      C82 Methodology for Collecting, Estimating, and Organizing Macroeconomic Data • Data Access
      E01 Measurement and Data on National Income and Product Accounts and Wealth • Environmental Accounts
      E31 Price Level • Inflation • Deflation
      E31
Geographic Coverage:  View help for Geographic Coverage World
Time Period(s):  View help for Time Period(s) 1/1/1985 – 1/1/2013
Data Type(s):  View help for Data Type(s) aggregate data

Methodology

Data Source:  View help for Data Source Penn World Tables
World Development Indicators
Satellite-recorded Nighttime Lights
Geographic Unit:  View help for Geographic Unit Country

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Published Versions

V1 [2022-12-07]

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