t h e c o u n t r y- p r o d u c t- d u m m y( c p d) m e t h o d a n d c o m p u t a t i o n o f（t h e c o u n t r y - p r o d u c t - d u m m y(c p d)m e t h o d a n d c o m p u t a t i o n o f）.docVIP

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t h e c o u n t r y- p r o d u c t- d u m m y( c p d) m e t h o d a n d c o m p u t a t i o n o f（t h e c o u n t r y - p r o d u c t - d u m m y(c p d)m e t h o d a n d c o m p u t a t i o n o f）.doc

THE COUNTRY-PRODUCT-DUMMY METHOD: A STOCHASTIC APPROACH TO THE COMPUTATION OF PURCHASING POWER PARITIES IN THE ICP D.S. Prasada Rao School of Economics University of Queensland Brisbane, Australia Email: p.rao@economics.uq.edu.au June, 2004 A paper for presentation at the SSHRC Conference on Index Numbers and Productivity Measurement to be held during 30 June – 3 July, 2004 in Vancouver. The author wishes to thank Bettina Aten, Erwin Diewert, Alan Heston, Chris O’Donnell and Marcel Timmer for helpful discussions on the subject matter of this paper. The

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t h e c o u n t r y- p r o d u c t- d u m m y( c p d) m e t h o d a n d c o m p u t a t i o n o f（t h e c o u n t r y - p r o d u c t - d u m m y(c p d)m e t h o d a n d c o m p u t a t i o n o f）.docVIP