Feenstra, Robert C. <br/><br/>
Who Shrunk China? Puzzles in the Measurement of Real GDP / 
Robert C. Feenstra, Hong Ma, J. Peter Neary, D.S. Prasada Rao. 
 - Cambridge, Mass.  National Bureau of Economic Research  2012. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w17729 .
 - Working Paper Series (National Bureau of Economic Research)  no. w17729. .
<br/><br/> January 2012. 
<br/><br/> The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle and conclude that it reflects a combination of factors, including substitution bias in consumption, reliance on urban prices which we estimate are higher than rural ones, and the use of an expenditure-weighted rather than an output-weighted measure of GDP. Taking all these together, we estimate that real per-capita GDP in China was 50% higher relative to the U.S. in 2005 than the World Bank estimates. 
<br/><br/>
<br/><br/><br/>System requirements: Adobe [Acrobat] Reader required for PDF files. <br/>Mode of access: World Wide Web.