Publication

The relative price of services

Inklaar, R. & Timmer, M. P., 2012, Groningen: GGDC, 25 p. (GGDC Working Papers; vol. GD-124).

Research output: Working paperAcademic

APA

Inklaar, R., & Timmer, M. P. (2012). The relative price of services. (GGDC Working Papers; Vol. GD-124). Groningen: GGDC.

Author

Inklaar, Robert ; Timmer, Marcel P. / The relative price of services. Groningen : GGDC, 2012. (GGDC Working Papers).

Harvard

Inklaar, R & Timmer, MP 2012 'The relative price of services' GGDC Working Papers, vol. GD-124, GGDC, Groningen.

Standard

The relative price of services. / Inklaar, Robert; Timmer, Marcel P.

Groningen : GGDC, 2012. (GGDC Working Papers; Vol. GD-124).

Research output: Working paperAcademic

Vancouver

Inklaar R, Timmer MP. The relative price of services. Groningen: GGDC. 2012. (GGDC Working Papers).


BibTeX

@techreport{9a60d3348a7b49c1beb1481ca0b58f50,
title = "The relative price of services",
abstract = "Relative GDP prices increase with rising income per capita, which is generally attributed to services being cheaper in poorer countries. In this paper we re-examine this based on a new set of PPPs for industry output. These are estimated in an augmented Geary-Khamis approach using prices for final goods, exports and imports. The resulting multilateral PPPs cover 35 industries in 42 countries for the year 2005. We find that the rising relative GDP prices are entirely due to the rapid rise in the output prices of non-market services. This seems related to that sector’s high labour intensity.",
author = "Robert Inklaar and Timmer, {Marcel P.}",
note = "Relation: https://www.rug.nl/ Rights: University of Groningen",
year = "2012",
language = "English",
volume = "GD-124",
series = "GGDC Working Papers",
publisher = "GGDC",
type = "WorkingPaper",
institution = "GGDC",

}

RIS

TY - UNPB

T1 - The relative price of services

AU - Inklaar, Robert

AU - Timmer, Marcel P.

N1 - Relation: https://www.rug.nl/ Rights: University of Groningen

PY - 2012

Y1 - 2012

N2 - Relative GDP prices increase with rising income per capita, which is generally attributed to services being cheaper in poorer countries. In this paper we re-examine this based on a new set of PPPs for industry output. These are estimated in an augmented Geary-Khamis approach using prices for final goods, exports and imports. The resulting multilateral PPPs cover 35 industries in 42 countries for the year 2005. We find that the rising relative GDP prices are entirely due to the rapid rise in the output prices of non-market services. This seems related to that sector’s high labour intensity.

AB - Relative GDP prices increase with rising income per capita, which is generally attributed to services being cheaper in poorer countries. In this paper we re-examine this based on a new set of PPPs for industry output. These are estimated in an augmented Geary-Khamis approach using prices for final goods, exports and imports. The resulting multilateral PPPs cover 35 industries in 42 countries for the year 2005. We find that the rising relative GDP prices are entirely due to the rapid rise in the output prices of non-market services. This seems related to that sector’s high labour intensity.

M3 - Working paper

VL - GD-124

T3 - GGDC Working Papers

BT - The relative price of services

PB - GGDC

CY - Groningen

ER -

ID: 15518333