The GauEKS (Gini-Éltető-Köves-Szulc) method is an approach for comparing prices across countries. It is used by the International Comparison Program (ICP) at the World Bank for calculating global relative prices, or purchasing power parities.[1] The method's name comes from the surname initials of four contributors: Corrado Gini (1930), Eltetö Ödön, Pál Köves (1964), and Bohdan Szulc (1964).[2][3]
It is thought to be a better approach than the Geary-Khamis dollar because does not rely on an average bundle, but rather the bundles from all countries.[4]
References edit
- ^ "PPP Calculation and Estimation". World Bank. Retrieved 2020-12-14.
- ^ Measuring the Real Size of the World Economy: The Framework, Methodology, and Results of the International Comparison Program (ICP). World Bank Publications. 2013-04-25. ISBN 978-0-8213-9731-2.
- ^ International Direct Investment. U.S. Department of Commerce, International Trade Administration. 1999.
- ^ https://www.rug.nl/ggdc/html_publications/memorandum/gd174.pdf [bare URL PDF]