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Identifier to cite or link to this item: https://hdl.handle.net/10086/14053

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Title
International Comparison in Historical Perspective: Reconstructing the 1934-36 Benchmark Purchasing Power Parity for Japan, Korea and Taiwan
Creator
Creator Name
Fukao, Kyoji Fukao, Kyoji
深尾, 京司 深尾, 京司
フカオ, キョウジ フカオ, キョウジ
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Ma, Debin Ma, Debin
馬, 徳斌 馬, 徳斌
Affiliation
Affiliation Name
Foundation for Advanced Studies on International Development (FASID)
Creator Name
Yuan, Tangjun Yuan, Tangjun
袁, 堂軍 袁, 堂軍
Affiliation
Affiliation Name
Hitotsubashi University
Editor
Contributor Name
社会科学における統計分析拠点構築 = Research Unit for Statistical Analysis in Social Sciences
Abstract
This article provides the first expenditure approach estimate of purchasing power parity (PPP) converters for 1934-36 Japan, Korea and Taiwan. We matched all together 70 to 80 types of goods and services for private consumption, government expenditure and investment using three levels of weights derived from actual expenditure surveys. We find that the 1934-6 average prices of Korea for private consumption, investment and government expenditure were about 0.86, 0.89 and 0.98 times that of Japan respectively; and for Taiwan 0.84, 0.87 and 0.95 respectively. This gives the 1934-6 Korea and Taiwan overall GDE average price levels of 0.87 and 0.86 respectively that of Japan. Our new benchmark estimate is an improvement over existing converters based either on exchange rates or the 1990 backward projection method, which was embedded with index number biases. It provides a vital link for a long-term overview of structural change, ethnic income distribution and the historical convergence or divergence for these three economies in the past century.
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2005-01
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Hi-Stat Discussion paper series ; No. d04-66
Number of Pages
40
Sponsorship
21世紀COEプログラム = 21st-Century COE Program
Appears in Collections
Hi-Stat Discussion paper series
URL
https://hdl.handle.net/10086/14053