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The Measurement and Interpretation of Real Consumption and Purchasing Power Parity for a Quantity-Constrained Economy: The Case of East and West Germany

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  • Collier, Irwin L, Jr

Abstract

When households are subject to quantity constraints, conventional measures of real consumption and purchasing power parity for cross-national comparisons suffer from a new type of index number problem. Additional information on preferences, taken from a demand system estimated for a similar economy without quantity constraints, can be employed to calculate distance function and money-metric indexes of relative real consumption and corresponding measures of purchasing power parity. The procedure is illustrated in a comparison of East and West German consumer prices and consumption expenditures for 1977. Copyright 1989 by The London School of Economics and Political Science.

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  • Collier, Irwin L, Jr, 1989. "The Measurement and Interpretation of Real Consumption and Purchasing Power Parity for a Quantity-Constrained Economy: The Case of East and West Germany," Economica, London School of Economics and Political Science, vol. 56(221), pages 109-120, February.
    • Handle: RePEc:bla:econom:v:56:y:1989:i:221:p:109-20
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    Cited by:

    1. Collier, Irwin L, Jr & Siebert, Horst, 1991. "The Economic Integration of Post-Wall Germany," American Economic Review, American Economic Association, vol. 81(2), pages 196-201, May.
    2. Beblo, Miriam & Collier, Irwin L. & Knaus, Thomas, 2001. "The unification bonus (malus) in postwall Eastern Germany," ZEW Discussion Papers 01-29, ZEW - Leibniz Centre for European Economic Research.
    3. Adam Szulc, 1996. "Economic Transition and Poverty: The Case of the Vysehrad Group Countries," LIS Working papers 138, LIS Cross-National Data Center in Luxembourg.
    4. Lein-Lein Chen & John Devereux, 2017. "The Iron Rice Bowl: Chinese Living Standards 1952–1978," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 59(3), pages 261-310, September.

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