The gross national product of Hungary : important issues for comparative research
Hewett, Ed
This paper considers two issues: 1) how to derive an estimate in dollars of Hungarian gross domestic product (GDP), and 2) how to reconcile divergences between official Hungarian statistics on real GDP growth rates (which are much lower). On the first issue the conclusion is that the preferred approach to derive a plausible estimate of the dollar value of Hungarian GDP comparable with the GDPs of market-type economies in terms of the volume of goods and services newly produced, is the "adjusted purchasing power parity" approach. On the growth rate issue the tentative conclusion is that differences between official and Western price weights explain virtually none of the discrepancy between these estimates; instead the most likely sources of the differences are sample sizes (the official Hungarian sample is much larger) and composition, and techniques of computation.
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