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Burgernomics Revisited: Regional Purchasing Power

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F15%3A00083780" target="_blank" >RIV/00216224:14560/15:00083780 - isvavai.cz</a>

  • Alternative codes found

    RIV/61384399:31140/15:00046557

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Burgernomics Revisited: Regional Purchasing Power

  • Original language description

    The aim of this paper is to estimate inter-area price levels in the Czech Republic. For this purpose, we developed the Regional Big Mac Index as a variation of the standard Big Mac Index which was calculated by The Economist. A unique dataset was used ofBig Mac sales and prices in 89 McDonald?s restaurants for June 2013. The analysis was performed by employing OLS model, cluster analysis and standard statistical methods. We found that Regional Big Mac Index is not suitable for estimating inter-area price levels in the Czech Republic, as it is only moderately correlated with the regional purchase power parity.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2015

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Mathematical Methods in Economics 33rd international conference in Cheb

  • ISBN

    9788026105398

  • ISSN

  • e-ISSN

  • Number of pages

    6

  • Pages from-to

    184-189

  • Publisher name

    University of West Bohemia

  • Place of publication

    Plzeň

  • Event location

    Cheb

  • Event date

    Jan 1, 2015

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article