Chapter

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

Alan Heston

in Emerging Giants

Published in print April 2010 | ISBN: 9780199575077
Published online September 2010 | e-ISBN: 9780191722141 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199575077.003.0001
What Can Be Learned about the Economies of China and India from Purchasing Power Comparisons?

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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

Chapter.  12497 words. 

Subjects: Economic Development and Growth

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