@techreport{NBERw17729,
 title = "Who Shrunk China? Puzzles in the Measurement of Real GDP",
 author = "Robert C. Feenstra and Hong Ma and J. Peter Neary and D.S. Prasada Rao",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "17729",
 year = "2012",
 month = "January",
 URL = "http://www.nber.org/papers/w17729",
 abstract = {The latest World Bank estimates of real GDP per capita for China are significantly lower than previous ones. We review possible sources of this puzzle and conclude that it reflects a combination of factors, including substitution bias in consumption, reliance on urban prices which we estimate are higher than rural ones, and the use of an expenditure-weighted rather than an output-weighted measure of GDP. Taking all these together, we estimate that real per-capita GDP in China was 50% higher relative to the U.S. in 2005 than the World Bank estimates.},
}