Does BIGMAC Index Consider as a Substitute for Inflation Rate Global Journal of Management and Business Research: B Economics and Commerce Does BIGMAC Index Consider as a Substitute for Inflation Rate

dc.AffiliationOctober University for modern sciences and Arts (MSA)
dc.contributor.authorSanad, Nadine
dc.contributor.authorMussad, Mohamed
dc.contributor.authorYasser, Mai
dc.date.accessioned2020-03-02T16:31:42Z
dc.date.available2020-03-02T16:31:42Z
dc.date.issued2020-01
dc.description.abstractThe BIGMAC Index was designed by The Economist in 1986 as a happy manual for whether monetary standards are at their "right" level. It depends on the hypothesis of acquiring power equality (PPP), the thought that over the long haul trade rates should move towards the rate that would even out the costs of an indistinguishable container of merchandise and enterprises (for this situation, a burger) in any two nations. The BicMac list has been distributed every year by The Economist since 1986 and is evaluated as a streamlined pointer of a nation's individual obtaining power. The same number of nations have various monetary forms, the institutionalized BIGMAC costs are determined by changing over the normal national BIGMAC costs with the most recent swapping scale to U.S. dollars. The Big Mac, as a top-selling McDonald's burger, is utilized for examination since it is accessible in pretty much every nation and fabricated in an institutionalized size, piece and quality. McDonald's is an overall working drive- through joint chain with central command in Oak Brook, Illinois. Its worldwide income added up to about 21.03 billion U.S. dollars in 2018. Most McDonald eateries are spread over the United States. The BIGMAC Index is determined by partitioning the cost of a BIGMAC in one nation by the cost of a BIGMAC in another nation in their separate nearby monetary forms to land at a conversion scale. This conversion scale is then contrasted with the official swapping scale between the two monetary forms to decide whether either money is underestimated or exaggerated by the PPP hypothesis.en_US
dc.identifier.citationAlessandria, G, and J Kaboski. 2008. “Why Are Goods So Cheap in Some Countries?” Business Review, 1–12. 2. Clements, K. W., Lan, Y., & Seah, S. P. (2010, October 12). The BIGMAC index two decades on: an evaluation of burgernomics. Retrieved from https://www.onlinelibrary.wiley.com/doi/abs/10.1002 /ijfe.432. 3. D.H., & R.L.W. (17, January 2018). The BIGMAC index. Retrieved from https://www.economist.com/ node/21569171 ? page=14. 4. Herath, A. (2015). Burgernomics and Purchasing Power Parity. Economic Review. https://philadel phiafed.org/research-and-data/publications/ businessreview/2008/q2/alessandria-kaboski_why- are-goods-so-cheap.pdf. 5. Jošić, H. & Wittine, Z. & Barišić, A. (2018). Investigating the Determinants of Bigmac Index: A Panel Data Analysis. 6. kartikganga Follow. (6, October 2014). BIGMAC index Project. Retrieved from https://www.slide share.net/kartikganga/big-mac-index-project. 7. Obrien, T. J., & Vargas, S. R. D. (2015). Clarifying the Adjusted BIGMAC index. SSRN Electronic Journal. doi: 10.2139/ssrn.2656881 8. Ong, L. L. (2003). The BIGMAC index: applications of purchasing power parity. Houndmills: Palgraveen_US
dc.identifier.issn0975-5853
dc.identifier.urihttps://t.ly/525DY
dc.identifier.urihttps://www.scimagojr.com/journalsearch.php?q=21100448240&tip=sid&clean=0
dc.language.isoen_USen_US
dc.publisherGlobal Journalsen_US
dc.relation.ispartofseriesGlobal Journal of Management and Business Research: B Economics and Commerce Volume 19 Issue 7 Version 1.0 Year 2019 Type: Double Blind Peer Reviewed International Research Journal;Volume 19 Issue 7 Version 1.0 Year 2019 T
dc.subjectOctober University for university of ECONOMICen_US
dc.subjectEconomic growthen_US
dc.titleDoes BIGMAC Index Consider as a Substitute for Inflation Rate Global Journal of Management and Business Research: B Economics and Commerce Does BIGMAC Index Consider as a Substitute for Inflation Rateen_US
dc.typeArticleen_US

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