Showing 1 - 10 of 116
The weighted arithmetic mean is used in a wide variety of applications. An infinite number of possible decompositions of the weighted mean are available, and it is therefore an open question which of the possible decompositions should be applied. In this paper, we derive a decomposition of the...
Persistent link: https://www.econbiz.de/10012801092
The labour force surveys (LFSs) on all Eurostat countries underwent a substantial redesign in January 2021. To ensure coherent labour market time series for the main indicators in the Norwegian LFS, we model the impact of the redesign. We use a state-space model that takes explicit account of...
Persistent link: https://www.econbiz.de/10013480208
The Multidimensional Poverty Index (MPI) is not the first attempt to examine poverty along multiple definitions. Vis-a-vis the existing work and other presently available measures, this method has greater advantage in terms of international comparability and reporting. However, the methodology...
Persistent link: https://www.econbiz.de/10011335960
The Human Development Index (HDI) published in the Human Development Report (HDR) of the United Nations Development Program is calculated as a simple average of the Life Expectancy Index (LEI), the Education Index (EI) and the Gross Domestic Product Index (GDPI). This paper provides statistical...
Persistent link: https://www.econbiz.de/10010329981
The standard cost-of-living index hinges on the assumption that there is free trade. Applying it to situations where trade barriers are present yields biased results with respect to a true cost-of-living index. Import price indices are particularly vulnerable to this bias since many of the goods...
Persistent link: https://www.econbiz.de/10011968521
According to the present guidelines for fiscal policy, the use of oil revenues in the Norwegian economy should over time equal the expected real return on the Government Pension Fund Global (GPFG). An important question is therefore how to measure the real return, taking into account that the...
Persistent link: https://www.econbiz.de/10011968545
The Norwegian productivity puzzle is rooted in three seemingly contradictory "facts": First, Norway is one of the most productive OECD countries. Second, Norway has experienced high growth in productivity. Third, Norway has a relatively low level of R&D intensity. In this article, I show that...
Persistent link: https://www.econbiz.de/10011968566
Many OECD countries have experienced a slowdown in measured labour productivity from 2005 and onwards. Norway is no exception in this respect. Most countries use a simple aggregate of hours worked when measuring labour productivity. One way to improve measurement of labour services is to control...
Persistent link: https://www.econbiz.de/10011968588
Foster et al. (2001) outline a framework that is commonly used to identify the contribution from firm turnover to aggregate productivity growth. The framework is not derived from economic theory and it implies that productivity levels determine the contribution from reallocation and firm...
Persistent link: https://www.econbiz.de/10011968589
Decompositions of international price indices are usually inexact in the sense that the underlying aggregator formula is not exactly reproduced. In this paper, we compare analytically the exact and inexact decompositions of international price indices, paying particular attention to the bias in...
Persistent link: https://www.econbiz.de/10011968638