PPPs and Price Parities in Benchmark Studies and the Penn ...

This conference presentation describes both
University of . Exam ples of uses to
al data have been put are
These remarks were prepared for presentation at
1
on October 20-21, 1997.
ence on the Value of Real Exchange Rates in Brussels, Belgium
Confer
Eurostat's
included.
tion
which these interna
nia
Pennsylva
counts developed at the
tional Ac
Time System of Na
Space-
and the Penn World Table, a
me
Program
ison
mark studies of the International Compar-
the bench
ABSTRACT
October, 1997
CICUP 97-1


Alan Heston and Robert Summers

Uses
the Penn World Table:

Benchmark Studies and
PPPs and Price Parities in
produced for groups of countries since 1980 by the European Union
Purchasing Power Parity and real product estimates have been
societies. The conversion of countries' national currency values
national or regional income is important by itself or is included
wholesale in the sense that the Penn World Table we maintain is a
different way, whether
regional Economic and Social Commissions of the United Nations.
These have often been with the support of the World Bank and the
1
years. This paper ...