The Economic Theory of Index Numbers: A Survey (W.E. Diewert), reprinted from Essays in the Theory and Measurement of Consumer Behaviour in Honour of Sir Richard Stone, 1981, pp. 163-208.
Essays In Index Number Theory Worksheets Number Worksheets In Theory Essays Index Diewert, 9780444874719, available at Book Depository with free delivery worldwide Repeat the marker scenario 5 more times, and have your students record the five simple equations on their Recording worksheet.Walter Erwin Diewert (born 1941) is a Canadian economist. He was born in Vancouver, British Columbia. He completed a B.A. degree in 1963, and an M.A. in mathematics in 1964, both at the University of British Columbia. He completed a Ph.D. at the University of California at Berkeley in 1968.The levels approach to index number theory works as follows. The aggregate price level Ptis assumed to be a function of the components in the period t price vector, ptwhile the aggregate period t quantity level Qt is assumed to be a function of the period t quantity vector components, qt; i.e., it is assumed that.
Duality Approaches to Microeconomic Theory, Chapter 6 (.pdf) The Economic Theory of Index Numbers: A Survey, Chapter 7 (.pdf) Exact and Superlative Index Numbers, Chapter 8 (.pdf) Superlative Index Numbers and Consistency in Aggregation, Chapter 9 (.pdf) Direct Versus Implicit Superlative Index Number Formulae, Chapter 10 (.pdf).
Adjacent Period Dummy Variable Hedonic Regressions and Bilateral Index Number Theory in Contributions in Memory of Zvi Griliches, Jacques Mairesse and Manuel Trajtenberg, editors: December 2009: Introduction: What Are the Issues? with John Greenlees, Charles R. Hulten in Price Index Concepts and Measurement, W. Erwin Diewert, John S. Greenlees and Charles R. Hulten, editors: List of.
The Early History of Price Index Research W. Erwin Diewert. NBER Working Paper No. 2713 Issued in September 1988 NBER Program(s):Productivity, Innovation, and Entrepreneurship This paper examines the domestic and foreign fixed investment expenditures of a sample of U.S. multinational firms to explain empirically each type of investment and to determine whether there are significant.
Geologarithmic price indices satisfying the axioms of monotonicity, basis reversibility and factor reversibility have been investigated by Marco Fattore (2010), who has shown that the superlative Fisher price index does not belong to this family of indices. In this article, we discuss geo-logarithmic price indices with reference to the Laspeyres-Paasche bounding test and we propose a.
FISHER, F. M. and SHELL, K. (1972) The Economic Theory of Price Indices —Two Essays on the Effect of Taste, Quality and Technological Change, Academic Press, New York and London. Google Scholar FISHER, I. (1992) The Making of Index Numbers, Houghton Mifflin, Boston.
Downloadable (with restrictions)! Traditional index number theory decomposes a value ratio into the product of a price index times a quantity index. The price (quantity) index is interpreted as an aggregate price (quantity) ratio. The present paper takes an alternative approach to index number theory, started by Bennet and Montgomery in the 1920s, which decomposes a value difference into the.
The masterclass on 17 th March will be taken by Prof. Erwin Diewert. It requires a basic understanding of partial derivatives and constrained optimisation of functions of more than one variable, as well as an understanding of basic matrix algebra. The topics to be covered in the class are: Basic index number theory: basket approaches and stochastic approaches; Axiomatic or test approaches to.
A productivity index for a firm is generally defined as an output index divided by an input index. The first part of the paper uses the test or axiomatic approach to index number theory in order.
Traditional index number theory decomposes a value ratio into the product of a price index times a quantity index. The price (quantity) index is interpreted as an aggregate price (quantity) ratio. The present paper takes an alternative approach to index number theory, started by Bennet and Montgomery in the 1920's that decomposes a value difference into the sum of a price difference plus a.
Productivity measurement duality theory flexible functional forms index number theory hedonic regressions. Articles Cited by. Title. Sort. Sort by citations Sort by year Sort by title. Cited by. Cited by. Year; The economic theory of index numbers and the measurement of input, output, and productivity. DW Caves, LR Christensen, WE Diewert. Econometrica: Journal of the Econometric Society, 1393.
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Particular thanks are also due to Erwin Diewert for his insights on superlative index design problems, without assigning him any responsibility for the choices ultimately made for the C-CPI-U. Finally, credit for many of the analyses reported in the paper goes to the Superlative Design Team of the Bureau of Labor Statistics: Ralph Bradley, Robert Cage, Alan Dorfman, Dennis Fixler, Richard Kerr.
The paper reviews four main approaches to bilateral index number theory where two price and quantity vectors are to be aggregated: fixed basket and average of fixed baskets, stochastic, test or axiomatic and economic approaches.