Regional price parities in the United States
Abstract
The success and expansion of the International Comparison Program (ICP) has led to an increase in interest and effort on the estimation of subnational price levels and purchasing power parities (PPPs). The ICP highlighted a difficulty that large countries such as Brazil, Russia, India, and China face during the price-collection phase, namely how to obtain average prices when there are large disparities in many types of expenditure categories, such as housing prices between rural and urban settings. The fact that such disparities were in evidence led to more research on within-country PPPs or regional price ...
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