Philippine Standard time

Purchasing Power Parity: Understanding the Law of One Price

EID 2009 Vol. IX No.2
2009

What makes the concept of purchasing power parity (PPP) popular among economists? What is its use? And what does it signify? This EID explains and illustrates its meaning.

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Contributor
Philippine Institute for Development Studies
Authors
del Prado, Fatima
Keywords
purchasing power parity (PPP)
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