{"id":"https://openalex.org/W2072799137","doi":"https://doi.org/10.1111/j.1468-0106.2009.00456.x","title":"MEASURES OF INTERNATIONAL RELATIVE PRICES FOR CHINA AND THE USA","display_name":"MEASURES OF INTERNATIONAL RELATIVE PRICES FOR CHINA AND THE USA","publication_year":2009,"publication_date":"2009-07-27","ids":{"openalex":"https://openalex.org/W2072799137","doi":"https://doi.org/10.1111/j.1468-0106.2009.00456.x","mag":"2072799137"},"language":"en","primary_location":{"id":"doi:10.1111/j.1468-0106.2009.00456.x","doi":"https://doi.org/10.1111/j.1468-0106.2009.00456.x","is_oa":true,"landing_page_url":"https://doi.org/10.1111/j.1468-0106.2009.00456.x","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/j.1468-0106.2009.00456.x","source":{"id":"https://openalex.org/S200274427","display_name":"Pacific Economic Review","issn_l":"1361-374X","issn":["1361-374X","1468-0106"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/j.1468-0106.2009.00456.x","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5091279526","display_name":"Charles R. Thomas","orcid":"https://orcid.org/0000-0003-2198-8962","observed_orcids":["https://orcid.org/0000-0003-2198-8962"]},"institutions":[{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Charles P. Thomas","raw_affiliation_strings":["Federal Reserve Board, Washington, DC"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Federal Reserve Board, Washington, DC","institution_ids":["https://openalex.org/I2802905149"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5026161332","display_name":"Jaime R. Marquez","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jaime Marquez","raw_affiliation_strings":["Federal Reserve Board, Washington, DC"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Federal Reserve Board, Washington, DC","institution_ids":["https://openalex.org/I2802905149"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5086534364","display_name":"Sean Fahle","orcid":"https://orcid.org/0000-0003-3307-9053","observed_orcids":["https://orcid.org/0000-0003-3307-9053"]},"institutions":[{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Sean Fahle","raw_affiliation_strings":["Federal Reserve Board, Washington, DC"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Federal Reserve Board, Washington, DC","institution_ids":["https://openalex.org/I2802905149"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5086534364"],"corresponding_institution_ids":["https://openalex.org/I2802905149"],"apc_list":{"value":2760,"currency":"USD","value_usd":2760},"apc_paid":null,"fwci":2.4384,"has_fulltext":true,"cited_by_count":12,"citation_normalized_percentile":{"value":0.92452909,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"14","issue":"3","first_page":"376","last_page":"397"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.9735999703407288,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.9735999703407288,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.00860000029206276,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0044999998062849045,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/international-relative-prices","display_name":"international relative prices","score":0.9980000257492065},{"id":"https://openalex.org/keywords/real-effective-exchange-rate","display_name":"real effective exchange rate","score":0.7580000162124634},{"id":"https://openalex.org/keywords/purchasing-power-parity","display_name":"purchasing power parity","score":0.8399999737739563},{"id":"https://openalex.org/keywords/us-china-trade-relations","display_name":"US-China trade relations","score":0.578000009059906},{"id":"https://openalex.org/keywords/trade-structure","display_name":"trade structure","score":0.7879999876022339},{"id":"https://openalex.org/keywords/trade-balance","display_name":"trade balance","score":0.9020000100135803},{"id":"https://openalex.org/keywords/export-share","display_name":"export share","score":0.5450000166893005},{"id":"https://openalex.org/keywords/income-elasticity-of-trade","display_name":"income elasticity of trade","score":0.8169999718666077}],"concepts":[{"id":"https://openalex.org/C185782297","wikidata":"https://www.wikidata.org/wiki/Q2142538","display_name":"Relative price","level":2,"score":0.7952633500099182},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7814508080482483},{"id":"https://openalex.org/C109888216","wikidata":"https://www.wikidata.org/wiki/Q82135","display_name":"Purchasing power parity","level":3,"score":0.7336248159408569},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.6407715082168579},{"id":"https://openalex.org/C69048361","wikidata":"https://www.wikidata.org/wiki/Q7310798","display_name":"Relative purchasing power parity","level":4,"score":0.5307165384292603},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5142397284507751},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.48927637934684753},{"id":"https://openalex.org/C9490382","wikidata":"https://www.wikidata.org/wiki/Q729113","display_name":"Weighted arithmetic mean","level":2,"score":0.4611106216907501},{"id":"https://openalex.org/C93226319","wikidata":"https://www.wikidata.org/wiki/Q193137","display_name":"Differential (mechanical device)","level":2,"score":0.45300427079200745},{"id":"https://openalex.org/C51989270","wikidata":"https://www.wikidata.org/wiki/Q623738","display_name":"Relative standard deviation","level":3,"score":0.4317140579223633},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.3641566038131714},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3434344232082367},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.08584985136985779},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C146978453","wikidata":"https://www.wikidata.org/wiki/Q3798668","display_name":"Aerospace engineering","level":1,"score":0.0},{"id":"https://openalex.org/C119128265","wikidata":"https://www.wikidata.org/wiki/Q900165","display_name":"Detection limit","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/j.1468-0106.2009.00456.x","doi":"https://doi.org/10.1111/j.1468-0106.2009.00456.x","is_oa":true,"landing_page_url":"https://doi.org/10.1111/j.1468-0106.2009.00456.x","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/j.1468-0106.2009.00456.x","source":{"id":"https://openalex.org/S200274427","display_name":"Pacific Economic Review","issn_l":"1361-374X","issn":["1361-374X","1468-0106"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific Economic Review","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:pacecr:v:14:y:2009:i:3:p:376-397","doi":null,"is_oa":false,"landing_page_url":"http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0106.2009.00456.x","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1111/j.1468-0106.2009.00456.x","doi":"https://doi.org/10.1111/j.1468-0106.2009.00456.x","is_oa":true,"landing_page_url":"https://doi.org/10.1111/j.1468-0106.2009.00456.x","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/j.1468-0106.2009.00456.x","source":{"id":"https://openalex.org/S200274427","display_name":"Pacific Economic Review","issn_l":"1361-374X","issn":["1361-374X","1468-0106"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific Economic Review","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2072799137.pdf","grobid_xml":"https://content.openalex.org/works/W2072799137.grobid-xml"},"referenced_works_count":19,"referenced_works":["https://openalex.org/W572539733","https://openalex.org/W1486253757","https://openalex.org/W1518165370","https://openalex.org/W1568961913","https://openalex.org/W1585182641","https://openalex.org/W1597878023","https://openalex.org/W1791049239","https://openalex.org/W1958603090","https://openalex.org/W1965753518","https://openalex.org/W1993233995","https://openalex.org/W2023522548","https://openalex.org/W2038271807","https://openalex.org/W2065488584","https://openalex.org/W2135934721","https://openalex.org/W2137590676","https://openalex.org/W2891778208","https://openalex.org/W2938621768","https://openalex.org/W3122836219","https://openalex.org/W6963156135"],"related_works":["https://openalex.org/W1568961913","https://openalex.org/W3124380240","https://openalex.org/W2197113218","https://openalex.org/W2348393811","https://openalex.org/W2151043792","https://openalex.org/W3121962246","https://openalex.org/W2270245500","https://openalex.org/W2101494499","https://openalex.org/W2269877478","https://openalex.org/W2972176542"],"abstract_inverted_index":{"Abstract.":[0],"In":[1],"this":[2,147],"paper":[3],"we":[4,171],"assemble":[5],"a":[6,195],"measure":[7],"of":[8,29,37,73,80,85,98,120,134,160,186,198,206],"international":[9,122,136],"relative":[10,38,86,99,123,137,179],"prices":[11,19,28,39,87,100,178,182],"to":[12,48,91,131,157,180,189],"gauge":[13],"the":[14,23,27,43,46,50,58,62,78,83,95,118,132,142,158,184,190,200],"average":[15,36,97],"amount":[16],"by":[17],"which":[18],"in":[20,57,110,176,203,209],"China":[21,41],"and":[22,42,82,101],"USA":[24,44],"differ":[25],"from":[26,61],"their":[30],"trading":[31],"partners.":[32],"Our":[33,68],"estimated":[34],"weighted":[35,96],"for":[40,140,149],"are":[45,88,128],"first":[47],"use":[49],"significantly":[51],"revised":[52],"purchasing":[53],"power":[54],"parities":[55],"embodied":[56,109],"price":[59,114,169],"data":[60,115],"World":[63,65,111],"Bank's":[64],"Development":[66,112],"Indicators.":[67],"analysis":[69],"reveals":[70,152],"several":[71],"findings":[72],"interest.":[74],"First,":[75],"interactions":[76],"between":[77,94],"structure":[79],"trade":[81,208],"levels":[84],"sufficiently":[89],"important":[90],"induce":[92],"divergences":[93],"conventional":[102],"real":[103],"effective":[104],"exchange\u2010rate":[105],"indexes.":[106],"Second,":[107],"revisions":[108],"Indicators":[113],"generally":[116],"lower":[117],"estimate":[119,133],"US":[121,135,177,207],"prices.":[124],"Third,":[125],"net":[126],"exports":[127,188],"inversely":[129],"related":[130,156],"price,":[138],"but,":[139],"China,":[141],"correlation":[143,148],"is":[144,194],"positive.":[145],"Estimating":[146],"other":[150],"countries":[151],"no":[153],"systematic":[154],"pattern":[155],"level":[159],"development":[161],"alone.":[162],"Fourth,":[163],"unlike":[164],"previous":[165],"work,":[166],"using":[167],"our":[168],"measures":[170],"find":[172],"that":[173],"an":[174],"increase":[175],"Chinese":[181],"raises":[183],"share":[185],"China's":[187],"USA.":[191],"Finally,":[192],"there":[193],"distinct":[196],"possibility":[197],"eliminating":[199],"long\u2010standing":[201],"differential":[202],"income":[204],"elasticities":[205],"empirical":[210],"applications.":[211]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-17T09:40:24.721904","created_date":"2016-06-24T00:00:00"}