00627056

Component

http://onlinepubs.trb.org...trr/1992/1372/1372-007.pdf

https://scholar.google.co...Aten&publication_year=1992

The use of different currency converters in international comparisons can significantly affect comparisons of gross output and productivity in two sectors, nonmotorized and motorized transportation. This is illustrated for Indonesia and the Republic of Korea. Further support is provided by a comparison of bus fares in approximately 60 countries and a comparison of aggregate transportation demand in various categories in 1980 and in 1985. These comparisons also illustrate exchange rate distortions, particularly between countries whose price structures are dissimilar. The main results contrast the labor costs and value added in bicycle production in the two countries with production in the motorized sector and show the understatement of Korea's productivity in the transportation sector when exchange rates are used, relative to Indonesia. In the second comparison, transportation prices are systematically lower at exchange rates, particularly for low-income countries, and both price and income elasticities in the aggregate demand analysis are affected by the conversion method.

This paper appears in Transportation Research Record No. 1372, Nonmotorized Transportation. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved

01405116

English

p. 44-49

1992

Transportation Research Record

0309054133

Figures (6) ; References (6) ; Tables (8)

Alternatives analysis; Bicycles; Currency; Developing countries; Fares; Labor costs; Low income groups; Motor vehicles; Power converters; Prices; Productivity; Transportation

Indonesia; South Korea

Administration and Management; Economics; Finance; Society; Transportation (General); I10: Economics and Administration

TRIS, TRB, ATRI

Mar 10 1993 12:00AM

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