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Emerging GiantsChina and India in the World Economy$
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Barry Eichengreen, Poonam Gupta, and Rajiv Kumar

Print publication date: 2010

Print ISBN-13: 9780199575077

Published to Oxford Scholarship Online: September 2010

DOI: 10.1093/acprof:oso/9780199575077.001.0001

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What Can Be Learned about the Economies of China and India from Purchasing Power Comparisons?

What Can Be Learned about the Economies of China and India from Purchasing Power Comparisons?

Chapter:
(p.3) 1 What Can Be Learned about the Economies of China and India from Purchasing Power Comparisons?
Source:
Emerging Giants
Author(s):

Alan Heston

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199575077.003.0001

Comparisons of India and China have been made for over fifty years. This chapter focuses on purchasing power estimates in China and India in the 2005 round of the UN International Comparison Program (ICP) that was coordinated by the World Bank, the Regional Banks and Economic Commissions. The 2005 ICP round provides estimates of purchasing power parities of currencies and real product per capita for 146 countries, and the results for China and India are discussed in the context of the size of these economies. It also provides insights into the prospects of future economic growth in China and India and also evaluates policy recommendations of others for these countries.

Keywords:   purchasing power, China, India, economic growth, tertiary sector, capital stock

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