The author acknowledges the assistance and contributions of Professor Ken Clements (The University of Western Australia) towards this paper.
Postage Price Parity*
Article first published online: 1 OCT 2009
© 2009 The Economic Society of Australia
Economic Papers: A journal of applied economics and policy
Volume 28, Issue 2, pages 169–175, June 2009
How to Cite
Maesepp, M. N. (2009), Postage Price Parity. Economic Papers: A journal of applied economics and policy, 28: 169–175. doi: 10.1111/j.1759-3441.2009.00015.x
- Issue published online: 1 OCT 2009
- Article first published online: 1 OCT 2009
- Purchasing Power Parity;
- international postage prices;
- currency valuations
A large part of international economics research is devoted to the theory of Purchasing Power Parity (PPP). There have been numerous attempts by economists over the years to devise an accurate, reliable and convenient measure for this theory – the most famous of these being the “Big Mac index” compiled by The Economist. In the spirit of the “Big Mac index”, this paper introduces another alternative measure of PPP here, using the prices of postage stamps for international mail delivery, that is just as, if not more, attractive as any other current measure.