An Index Number Formula Problem : The Aggregation of Broadly Comparable items

Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical case of broadly comparable items. This paper provides a formal analysis as to why such formulas differ and proposes a solution to this index number problem.
Publication date: January 2009
ISBN: 9781451871661
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

International - Economics , Unit value index , Superlative index , Consumer price index , Producer Price Index , equation , statistics , correlation , political economy , number theory

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