作者:
Robert C. Feenstra, Hong Ma, J. Peter Neary, D.S. Prasada Rao文献来源:
NBER Working Paper No. 17729
Issued in January 2012
NBER Program(s): ITI
摘要:
The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle and conclude that it reflects a combination of factors, including substitution bias in consumption, reliance on urban prices which we estimate are higher than rural ones, and the use of an expenditure-weighted rather than an output-weighted measure of GDP. Taking all these together, we estimate that real per-capita GDP in China was 50% higher relative to the U.S. in 2005 than the World Bank estimates.