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Record Nr. |
UNINA9910788349703321 |
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Autore |
Silver Mick |
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Titolo |
An Index Number Formula Problem : : The Aggregation of Broadly Comparable items / / Mick Silver |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-7697-5 |
1-4527-1779-6 |
1-282-84241-2 |
9786612842412 |
1-4518-7166-X |
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Descrizione fisica |
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1 online resource (22 p.) |
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Collana |
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Soggetti |
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Index numbers (Economics) |
Economic indicators |
Macroeconomics |
Index Numbers and Aggregation |
leading indicators |
Methodology for Collecting, Estimating, and Organizing Microeconomic Data |
Price Level |
Inflation |
Deflation |
Production, Pricing, and Market Structure |
Size Distribution of Firms |
Information and Product Quality |
Standardization and Compatibility |
Price indexes |
Export price indexes |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. Superlative and Unit Value Indexes; A. Superlative Index Numbers; B. Unit Value Indexes; III. The Difference |
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Between a Unit Value and a Fisher Index; Figures; 1. Depiction of Levels Effect; IV. What to do for Broadly Comparable Items; V. An Empirical Example Using Scanner Data; Tables; 1. Understanding the Differences Between Laspeyres, Paasche, and Fisher; 2. Unit Value and Price Indices for 14-inch TVs; 2. Understanding the Differences Between Unit Value Indexes and Laspeyres, Paasche, and Fisher Price Indexes; VI. Conclusions |
3. Quality Adjusted Unit Value and Fisher Price IndicesReferences |
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Sommario/riassunto |
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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. |
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