Replication data for: Using Online Prices for Measuring Real Consumption across Countries
Principal Investigator(s): View help for Principal Investigator(s) Alberto Cavallo; W. Erwin Diewert; Robert C. Feenstra; Robert Inklaar; Marcel P. Timmer
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| REPLICATION | 10/13/2019 12:01:AM | ||
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text/plain | 14.6 KB | 10/12/2019 08:01:PM |
Project Citation:
Cavallo, Alberto, Diewert, W. Erwin, Feenstra, Robert C., Inklaar, Robert, and Timmer, Marcel P. Replication data for: Using Online Prices for Measuring Real Consumption across Countries. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114445V1
Project Description
Summary:
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We show that online prices can be used to construct quarterly purchasing power parities (PPPs) with a closely matched set of goods and identical methodologies in a variety of developed and developing countries. Our results are close to those reported by the International Comparisons Program (ICP) in 2011 and the OECD in 2014, and can be used to obtain more up-to-date estimates of real consumption across countries without the need for consumer price index extrapolations. We discuss advantages and limitations associated with the use of online prices for PPs, including issues of representativeness and limited coverage of product categories and countries.
Scope of Project
JEL Classification:
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C43 Index Numbers and Aggregation; Leading indicators
E21 Macroeconomics: Consumption; Saving; Wealth
E31 Price Level; Inflation; Deflation
C43 Index Numbers and Aggregation; Leading indicators
E21 Macroeconomics: Consumption; Saving; Wealth
E31 Price Level; Inflation; Deflation
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