World Economics - Insight , Analysis and Data

World Economics - Insight , Analysis and Data
From Big Macs to iMacs
Jonathan Haskel & Holger Wolf
World Economics, June 2000

The authors review recent international price comparisons to examine the veracity of claims about “rip-off Britain”. They reach three conclusions. First, methodologically, the data requirements for a meaningful price comparison are very demanding and most of the evidence does not meet these standards. Second, price differences within countries seem, in many cases, to be just as high if not higher than price differences between countries. Third, for most goods, the difference between the UK and the rest of the EU seems to be minor relative to the difference between the EU and the United States. The real puzzle is the comparatively high prices in the EU.
Download paper

Related thinking:
    Costing a Data Revolution
Gabriel Demombynes & Justin Sandefur
World Economics, September 2015
    Understanding Commercial Property Price indexes
Mick Silver
World Economics, September 2013
    Poor Economic Statistics Fuel China’s Low Consumption Myth
Jun Zhang & Tian Zhu
World Economics, June 2013

© Copyright World Economics Ltd. 2017