Stochastic approach to computation of purchasing power parities in the International Comparison Program (ICP)
国际比较项目购买力平价计算的随机方法
The paper presents a stochastic approach based on the country-product-dummy (CPD) method for the computation of purchasing power parities (PPPs) in the International Comparison Program. The approach develops estimation strategies in conjunction with the country-product-dummy method to derive a range of multilateral index number methods for the compilation of PPPs at the basic heading level as well as at higher levels of aggregation. At the basic heading level our approach…