Showing 1 - 10 of 13
Given the importance of Consumer Price Index (CPI), there has been long debate on its measurement issues. It is the … country. Other uses of CPI for indexation are social security benefits, rents, contractual payments, taxation, deflating … of inflation on demographic composition of the population. Any measurement error in CPI may overstate or understate …
Persistent link: https://www.econbiz.de/10009365484
In order to explain the apparently paradoxical presence of acceptable governance in many non-democratic regimes, economists and political scientists have focused mostly on institutions acting as de facto checks and balances. In this paper, we propose that population plays a similar role in...
Persistent link: https://www.econbiz.de/10009363276
We construct an axiomatic index of spatial concentration around a center or capital point of interest, a concept with wide applicability from urban economics, economic geography and trade, to political economy and industrial organization. We propose basic axioms (decomposability and...
Persistent link: https://www.econbiz.de/10009363662
This papers framework for GDP in chained prices yields GDP in constant prices as a special case of constant relative prices, i.e., these GDP measures differ only when relative prices change. The framework has a novel additive procedure, counter to the prevailing view that GDP in chained prices...
Persistent link: https://www.econbiz.de/10009363888
GDP in constant prices of ASEAN countries suffers from substitution bias by ignoring relative price changes and makes GDP growth and shares dependent on the base year. These analytical deficiencies led the US since the mid-1990s to convert GDP from constant to chained prices. Thus, cross-country...
Persistent link: https://www.econbiz.de/10009363971
This papers framework for GDP in chained prices yields GDP in constant prices as a special case of constant relative prices, i.e., these GDP measures differ only when relative prices change. The framework has a novel additive procedure, counter to the prevailing view that GDP in chained prices...
Persistent link: https://www.econbiz.de/10009363985
The fast growing demand for fresh water-coupled with the need to protect the environment has made many areas of India and the rest of the World vulnerable to water shortages for various uses of the economy. As they interact with Electricity Industry, water availability is critical to power...
Persistent link: https://www.econbiz.de/10009364024
The income of the self-employed is often assumed to be understated in economic statistics. Controversy exists about the best method for estimating the extent of under-reporting and about the resulting measures of the size of the underground economy. This paper refines a method developed by...
Persistent link: https://www.econbiz.de/10009365087
The conventional measure of Human Development Index (HDI) is a linear average across dimensions, HDI1. Under this, poor attainments in any dimension gets perfectly compensated for better attainments in any other dimension HDI2, which is based on Euclidean distance measuring shortfall from the...
Persistent link: https://www.econbiz.de/10009365262
This paper derives formulas for additive chained volume measures (CVMs) of GDP subaggregates depending on the underlying GDP quantity index. In turn, this paper explains why the formulas used in current practice yield non-additive CVMs. This papers additive formulas have significant practical...
Persistent link: https://www.econbiz.de/10009365460