productivity change." It reviews the criticisms made against that paper, especially the use of a utilization adjustment, and fin … slowdown in the growth of total factor productivity as implying, necessarily, a parallel slowdown in the technological …

No cross-sectional consumer price index is currently available by state, and the BLS's cross-sectional "family budget …" index for metropolitan areas is not well-suited for cross-state analyses. In this paper we propose an algorithm for … constructing a state-specific Laspeyres price index using conveniently available information from the Census of Business and the …

indices. Since the matched model index does not incorporate price changes for goods which exit, and the goods that exited tend … to be those goods whose prices fall, the matched model index has a selection problem which biases it upwards. The hedonic … index does not have this problem. We illustrate with a new study of price indices for PC's. The hedonic index shows steep …

treatment, rather than prices of fixed bundles of inputs. We outline features of a proposed new experimental price index -- a … medical care expenditure price index -- that is more suitable for evaluation and analyses of medical care cost changes, than …

Researchers constructing index number frequently face the problem of new (or disappearing) goods, for which the price … and quantity are not available in some periods. In theory, the correct way to handle a new good is to treat its price … that the corresponding price index takes on a very sensible form. We apply this formula to measure the price index for six …

growth. The paper also discusses the traditional approach to productivity analysis based on the Divisia index number … such models in analyzing the production structure, the determinants of variable and quasi-fixed factors, and productivity … methodology. Both approaches may be seen as being complementary. The conventional index number approach will measure the rate of …

productivity growth. The two major methods used in measuring productivity growth -- index number and econometric estimation …, infrastructure capital, allocative distortions, nature of the market structure and technological advancement on productivity growth … estimate the contribution of different inputs to productivity growth are described and the evaluation of the production process …

In this paper we employ index number theory in addressing the problem of adjusting real national income and real … domestic product for changes in a country's terms of trade. More specifically, using recent developments in the theory of … business sector;(ii) productivity growth or technical change; (iii) the effects on domestic real output of changes in the terms …

factor productivity growth in countries where the capital-labour ratio has risen rapidly, e.g. the East Asian NICS, will … understate true productivity growth if the elasticity of substitution is less than one and there is labour augmenting technical … change. This note shows that this argument increases a Paasche measure of productivity, at the expense of lowering a …