What is the Size of the Chinese Economy?
4 Pages Posted: 31 Mar 2011
Date Written: March 29, 2011
Abstract
We propose an alternative measure to compare the sizes of the Chinese and American economy. The relevant exchange rate to compare both economies is the value of money in the Unites States divided by the value of money in China, taking into consideration the relationship between hours of labor.
Keywords: value of money, purchasing power parity, pegged exchange rate, labor theory ovalue
JEL Classification: F41, E44
Suggested Citation: Suggested Citation
Cruz Basso, Leonardo, What is the Size of the Chinese Economy? (March 29, 2011). Available at SSRN: https://ssrn.com/abstract=1798744 or http://dx.doi.org/10.2139/ssrn.1798744
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