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Are China’s PPPs biased because they only furnished prices for 11 administrative areas?

April 26, 2017administrative areas biased China furnished ppps prices

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Are China’s PPPs biased because they only furnished prices for 11 administrative areas?

1 Answer

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• If the national average prices based on these 11 administrative areas are not fully representative of the rest of China, then there may be some bias. Simulations suggest that the bias for GDP is not likely to be more than five percent.