Advances in economic measurement : a volume in honour of D. S. Prasada Rao / / Duangkamon Chotikapanich, Alicia N. Rambaldi, and Nicholas Rohde

• Autore: Duangkamon Chotikapanich
• Pubblicazione: Singapore : , : Palgrave Macmillan, , [2022]; ©2022
• Descrizione fisica: 1 online resource (675 pages)
• Disciplina: 330.015195
• Soggetto topico: Economics - Statistical methods; Index numbers (Economics)
• Persona (resp. second.): RambaldiAlicia N.; RohdeNicholas
• Nota di contenuto: Intro -- Foreword -- Preface -- Contents -- List of Contributors -- List of Figures -- List of Tables -- List of Boxes -- Part I Productivity Measurement -- 1 Productivity Measurement: Past, Present, and Future -- Introduction -- From the Past to the Present -- The Distant Past: Observation from Antiquity to Adam Smith, Alfred Marshall and A. C. Pigou -- Observation in Antiquity -- Evidence, 1500-1820 (Maddison's Merchant Capitalist Epoch) -- Evidence, 1820-1913 (Maddison's Capitalist Epoch) -- Observations of Adam Smith, Alfred Marshall, and A. C. Pigou -- A Mere Century Ago: Accumulating Methods and Evidence Amidst Emerging Social Concerns -- Methods -- Evidence -- Social Concerns -- The Brief Flourishing of the European Productivity Agency -- Converging to the Present: Analytical Foundations and Drivers -- Analytical Foundations of Productivity Measurement -- Parametric Production Functions -- Non-parametric Distance Functions -- Parametric and Non-parametric Value Functions -- Drivers of Productivity Change -- Quality Change -- Technology -- Organisation -- Institutions -- Geography -- Productivity Dispersion, Productivity Gaps, Distance to Frontier and Zombies -- Expanding the Scope of Productivity Analysis Redux: Inclusive Green Growth -- The Future: Confronting Two Challenges of Transcendent Significance -- Productivity and the Pandemic Depression -- Productivity and Climate Change -- Linkages Between the Two Challenges -- Conclusions -- References -- 2 Symmetric Decompositions of Aggregate Output and Labour Productivity Growth: On Levels, (Non-)Additivity, and Misallocation -- Introduction -- Decomposition of Output Growth -- Decomposition of (Simple) Labour Productivity Growth -- Additivity and Misallocation -- How to Overcome Non-additivity -- Conclusion -- References. ; 3 Efficiency Analysis with Stochastic Frontier Models Using Popular Statistical Softwares -- Introduction -- Basic Stochastic Frontier Models -- Aigner et al. (1977) Model -- Implementation of ALS Model -- Early Generation of Stochastic Panel Data Models -- Schmidt and Sickles (1984) Model -- Implementation of Schmidt and Sickles (1984) Model -- Cornwell et al. (1990) Model -- Implementation of Cornwell et al. (1990) Model -- Kumbhakar (1990) and Battese and Coelli (1992) Models -- Implementation of Kumbhakar (1990) and Battese and Coelli (1992) Models -- Recent Advances of Stochastic Panel Data Models -- Greene (2005a, 2005b) Models -- Implementation of Greene (2005a, 2005b) Models -- Colombi et al. (2014) and Kumbhakar et al. (2014) Models -- Implementation of Colombi et al. (2014) and Kumbhakar et al. (2014) Models -- Stochastic Frontier Models with Determinants of Inefficiency -- Popular Models -- Implementation of Stochastic Frontier Models with Determinants of Inefficiency -- Semi-parametric Stochastic Frontier Models -- The Variety of Models -- Simar et al. (2017) Model -- Implementation of Simar et al. (2017) Model -- Empirical Illustration -- Concluding Remarks -- Appendix -- References -- 4 Efficiency and Productivity Analysis from a System Perspective: Historical Overview -- Prologo -- The Origins of Network DEA (1939-1975) -- Kantorovich (1939) -- Koopmans -- Johansen -- Summing Up: The KKJ (Kantorovich-Koopmans-Johansen) Model -- Shephard, Farrell and the "Black Box" Technology (1977-1999) -- Rediscovery of KKJ (2000-2020) -- Network Models -- Dynamic Network DEA Models -- Series Network Models -- Parallel Network Models -- Multi-Level or Hierarchical Models -- Industry Models -- Allocability Models -- Summing Up -- Topics for Future Research -- Efficiency Measurement vs Structure of the Network -- Unobserved Allocations. ; Costly Reallocation -- Connection Between Network Analysis and the Black Box Analysis -- Network Stochastic Frontiers -- Micro-foundation of the Aggregate Production Function -- Epilogo -- References -- Part II Income Distributions and Inequality and Insecurity -- 5 Modelling Income Distributions with Limited Data -- Introduction -- Concepts -- Inequality Measures -- Poverty Measures -- Data Setup -- Estimation -- Estimation with Fixed x, Random c, Random overline2yi -- MD Estimator 1 -- MD Estimator 2 -- MD Estimator 3 -- A Quasi ML Estimator -- Estimation with Fixed c, Random x, Random overline2yi -- MD Estimation -- ML Estimation -- Specification of Distributions, Inequality and Poverty Measures -- Simple Recipes for Two Distributions -- Lognormal Distribution -- Pareto-Lognormal Distribution -- Concluding Remarks -- References -- 6 Empirical Methods for Modelling Economic Insecurity -- Introduction -- Measurement Concepts -- Subjective Methods -- Aggregate Methods -- Rich Countries -- Poor Countries -- Axiomatic Methods -- The Bossert et al. (2019) Method -- Bossert and D'Ambrosio (2013) -- Micro-Econometric Methods -- Hazard Indicators -- Transitory Variance -- Synthetic Indices -- Methods Based on Predictive Densities -- Empirical Applications -- Aggregate Data -- Microdata -- EI and Social Disadvantage -- Regression Models -- Conclusion -- References -- 7 Measuring Inequality in Health -- Introduction -- Cardinal Variables and the Measurement of Inequality in Health -- The Univariate Approach to Measuring Health Inequality -- The Bivariate Approach to Health Inequality Measurement -- The Univariate Approach to Measuring Health Achievements -- A Pro-poor Approach to the Measurement of Health Achievement -- The Measurement of Inequality in Health Opportunities -- The Univariate Approach to Defining Indices of Inequality of Opportunities. ; The Bivariate Approach to Measuring Inequality of Opportunities -- The Concept of Human Opportunity Index -- Defining "Welfare-Related" Indices of Opportunity -- Defining "Pro-poor" Human Opportunity Indices -- Measuring Health Inequality and Polarization with Ordinal Variables -- Partial Orderings -- Inequality and Polarization Indices -- Conclusion -- References -- 8 Inequality of Opportunity: Theoretical Considerations and Recent Empirical Evidence -- Introduction -- The Equality of Opportunity Approach -- The Theoretical Model -- The Empirical Model -- Empirical Evidence -- Inequality of Opportunity in Developed Countries -- Inequality of Opportunity in the Monetary Space -- Inequality of Opportunity in the Non-Monetary Space: Education -- Inequality of Opportunity in the Non-monetary Space: Health -- Less Developed Countries -- Inequality of Opportunity in the Monetary Space -- Inequality of Opportunity in the Non-Monetary Space: Education -- Inequality of Opportunity in the Non-Monetary Space: Health -- The Global Perspective -- Conclusions -- References -- Part III Index Numbers and International Comparisons of Prices and Real Expenditures -- 9 Framing Measurement Beyond GDP -- Introduction -- Production Sphere: What Gets in and What Comes Out of the "Factory Gates" -- Well-being Sphere: What Shapes People's Lives? -- Asset Sphere: The Resources for Future Well-Being -- References -- 10 Hedonic Models and House Price Index Numbers -- Introduction -- Hedonic Methods for Constructing House Price Indices -- Indices Covered in Chapter 5 of Eurostat's HRPPI -- Time-Dummy Method -- Average Characteristic Method -- Hedonic Imputation Method -- Rolling-Time-Dummy Method -- Repricing Method -- Controlling for Location -- Controlling for Location Dependence in the Hedonic Log-Price Function. ; Controlling for Location Dependence in the Variance of the Log-Price Function -- Controlling for Location Dependence in the Mean and the Variance of Log-Prices -- Empirical Feasibility -- Constructing Separate Price Indices for Land and Structures -- Extensions -- Higher Frequency Indices -- Measuring Price Changes for the Stock of Housing -- Conclusion -- References -- 11 Scanner Data, Elementary Price Indexes and the Chain Drift Problem -- Introduction -- Comparing CES Price Levels and Price Indexes -- Using Means of Order r to Aggregate Price Ratios -- Relationships Between Some Share Weighted Price Indexes -- Relationships Between the Jevons, Geometric Laspeyres, Geometric Paasche and Törnqvist Price Indexes -- Relationships Between Superlative Fixed Base Indexes and Geometric Indexes That Use Average Annual Shares as Weights -- To Chain or Not to Chain -- Relationships Between the Törnqvist Index and the GEKS and CCDI Multilateral Indexes -- Unit Value Price and Quantity Indexes -- Quality Adjusted Unit Value Price and Quantity Indexes -- Relationships Between Lowe and Fisher Indexes -- Geary Khamis Multilateral Indexes -- Time Product Dummy Regressions: The Case of no Missing Observations -- Time Product Dummy Regressions: The Case of Missing Observations -- Weighted Time Product Dummy Regressions: The Bilateral Case -- Weighted Time Product Dummy Regressions: The Bilateral Case with Missing Observations -- Weighted Time Product Dummy Regressions: The General Case -- Linking Based on Relative Price Similarity -- Inflation Adjusted Carry Forward and Backward Imputed Prices -- Linking Based on Relative Price and Quantity Similarity -- The Axiomatic Approach to Multilateral Price Levels -- Summary of Results -- Conclusion -- References -- 12 The Stochastic Approach to International Price Comparisons -- Introduction -- The ICP Framework. ; Notation and Main Aggregation Methods.
• Titolo autorizzato: Advances in economic measurement
• ISBN: 981-19-2023-0
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910616380703321
• Lo trovi qui: Univ. Federico II