The Big Mac Index And Real-Income Disparity

Big Mac parity, income, and trade

Nontraded inputs account for the lion's share of a Big Mac price (Ong 1997, Parsley and Wei 2003). Major departures from Big Mac PPP may then be explained by the Balassa−Samuelson income differences effect, as shown e.g. by Click (1996). But it has been argued that Click's result is not robust to changing estimation methods, sample of countries, and time period (Fujiki and Kitamura 2003). Here ...

Health disparity by neighbourhood income.

BACKGROUND Canadian cities are becoming more segregated by income. As such, investigation is required into the magnitude of health disparity between low-, average- and high-income neighbourhoods in order to quantify the level of health disparity at the scale of an urban city. METHODS A cross-sectional ecological study design was used to review all hospital discharges, physician visits, medica...

Aboriginal Income Disparity in Canada

Mots clés : écarts de revenus, Autochtones Investigating the earnings and income disparity faced by Aboriginal people in Canada from 1995 to 2005, we find that Aboriginal people face substantial income and earnings gaps in comparison with Canadian-born majority-group workers with similar characteristics (such as age and education). The estimated gaps are large: about 10 to 20 percent for women ...

Higher Education, Real Income And Real Investment In The Selected OIC Members: Evidence From ARDL And Panel Data Approaches

Does PPP hold for Big Mac price or consumer price index? Evidence from panel cointegration

This paper examines the validity of purchasing power parity (PPP) using CPI and Big Mac prices. The benchmark model, i.e., the OLS method, which does not take nonstationarity into account, rejects the hypothesis of PPP regardless of prices used. We next use the panel cointegration method to consider the nonstationary nature of variables. Estimated results for CPI are mixed. The PPP is rejected ...