Bilateral and Multilateral Cost‐of‐Living Comparisons: A Comment on Methodology

Abstract

The theoretical base for cost‐of‐living comparisons between geographical areas is examined and developed. The interpretation of bilateral comparisons is discussed within a framework of a matrix of cost‐of‐living comparisons with all countries being listed in both columns and rows. The use of multilateral comparisons is questioned.

Citation

Silver, M.S. (1982), "Bilateral and Multilateral Cost‐of‐Living Comparisons: A Comment on Methodology", Journal of Economic Studies, Vol. 9 No. 3, pp. 20-29. https://doi.org/10.1108/eb002543