An Alternative View for Economic Growth a Study on 15 Countries for 2 Decades

Abstract

By using data panel of 15 countries over 2 decades of sampling, this study try to elaborate the relation of Purchase Power Parity, Gross Domestic Product, and Consumer Price Index with quantitative approach. The result of the study, conclude that GDP had an unsignificat negative impact to the PPP, while CPI had a significant negative impact to PPP. This study also discovering that, on the dynamic economic movement GDP did not represent the economic power of a nation, PPP did it better.