Studies in Global Econometrics PDF

by H. Theil

Part of the Advanced Studies in Theoretical and Applied Econometrics series

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Studies in Global Econometrics is a collection of essays on the use of cross-country data based on purchasing power parities. The two major applications are the development over time of per capital gross domestic products, (including that of their inequalities among countries and regions) and the fitting of cross-country demand equations for broad groups of consumer goods.
The introductory chapter provides highlights of the author's work as relating to these developments. One of the main topics of the work is a system of demand equations for broad groups of consumer goods fitted by means of cross-country data. These data are from the International Comparison Program, which provides PPP-based figures for a number of years and countries.
Similar data are used for the measurement of the dispersion of national per capita incomes between and within seven geographic regions.