|
EconStor >
Christian-Albrechts-Universität Kiel (CAU) >
Department of Food Economics and Consumption Studies, Universität Kiel >
FE Working Papers, Department of Food Economics and Consumption Studies, CAU Kiel >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/38626
|
| | |
| Title: | | Utility based regional purchasing power parities  |
| Authors: | | Missong, Martin Rolf, Anja |
| Issue Date: | | 2004 |
| Series/Report no.: | | FE working paper // University of Kiel, Department of Food Economics and Consumption Studies 0403 |
| Abstract: | | Calculation of purchasing power parities based on observed consumer behaviour typically relies on the existence of some kind of 'international preferences'. We argue that this unrealistic assumption can be abandoned in 'regional' studies of purchasing power, where prices in both territories under study might differ only slightly. Drawing on recent results for the derivation of equivalence scales, we develop a model of regional purchasing power and discuss several procedures for testing model specification. The model is applied to data of the German Income and Expenditure Survey 1998 to estimate the wedge between purchasing power in the western and eastern part of Germany. |
| JEL: | | C43 D12 F01 |
| Document Type: | | Working Paper |
| Appears in Collections: | | FE Working Papers, Department of Food Economics and Consumption Studies, CAU Kiel
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/38626
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|