Purchasing Power Parity of RMB

Wen Jiandong

Abstract:

Conjecture about China’s real economic size and living standard has resulted in economists’ efforts to estimate the Purchasing Power Parity (PPP) of RMB. This paper attempts to construct a time series for PPP of RMB from 1987 to 2000 based on the multilateral PPP expansion model, the productivity bias between China and abroad, and impact of market-oriented reforms.

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