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2005•China Economic QuarterlyRequires access

PPP Comparison between China and OECD

R Uoen

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Abstract

This paper compares the PPP-based income of China and OECD in 1999based on an experimental participation of China in the OECD PPP Program.The PPP between Chinese yuan and US dollar is found to be 4.67 Yuan for one US dollar,and the GDP per capita in China is only 7 percent of the average in OECD countries.When compared with other available sources,the present results do not appear unreasonable although a significant error margin may exist.Thisstudy also points out the practical and conceptual difficulties in a price comparison involving a large emerging economy such as China.

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What this paper is about

This paper compares the PPP-based income of China and OECD in 1999based on an experimental participation of China in the OECD PPP Program.The PPP between Chinese yuan and US dollar is found to be 4.67 Yuan for one US dollar,and the GDP per capita in China is only 7 percent of the average in OECD countries.When compared with other available sources,the present results do not appear unreasonable although a significant error margin may exist.Thisstudy also points out the practical and conceptual difficulties in a price comparison involving a large emerging economy such as China.

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Available abstract

This paper compares the PPP-based income of China and OECD in 1999based on an experimental participation of China in the OECD PPP Program.The PPP between Chinese yuan and US dollar is found to be 4.67 Yuan for one US dollar,and the GDP per capita in China is only 7 percent of the average in OECD countries.When compared with other available sources,the present results do not appear unreasonable although a significant error margin may exist.Thisstudy also points out the practical and conceptual difficulties in a price comparison involving a large emerging economy such as China.

Key concepts: China, Liberian dollar, Economics, Us dollar, Margin (machine learning), Per capita, International economics, Per capita income

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