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Index Number and Factor Demand Approaches to the Estimation of Productivity
Good, David H. - 1996
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 …
Persistent link: https://www.econbiz.de/10012473043
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Dynamic Factor Demand Models and Productivity Analysis
Nadiri, M. Ishaq - 1999
such models in analyzing the production structure, the determinants of variable and quasi-fixed factors, and productivity … growth. The paper also discusses the traditional approach to productivity analysis based on the Divisia index number …
Persistent link: https://www.econbiz.de/10012471717
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Designing Indexed Units of Account
Shiller, Robert J. - 1999
An indexed unit of account is a unit of measurement defined using an index such as a consumer price index so that prices defined in terms of these units will automatically adjust to changing economic conditions. Evidence on sticky prices and money illusion, and evidence from countries (notably...
Persistent link: https://www.econbiz.de/10012471627
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The Index of Leading Indicators : "Measurement without Theory," Twenty-Five Years Later
Auerbach, Alan J. - 1981
spite of the original criticism that its use represents "measurement without theory. " This paper seeks to evaluate the …
Persistent link: https://www.econbiz.de/10012478354
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A State Price Index
Fuchs, Victor R. - 1979
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...
Persistent link: https://www.econbiz.de/10012478829
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Hedonic Imputation versus Time Dummy Hedonic Indexes
Diewert, W. Erwin - 2008
Törnqvist superlative index in standard index number theory. This study shows exactly why the results may differ and discusses …
Persistent link: https://www.econbiz.de/10012464628
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A Reconsideration of Hedonic Price Indices with an Application to PC's
Pakes, Ariel - 2002
This paper provides a justification for hedonic price indices and details the properties of hedonic price functions. The analysis is done in a market setting in which a finite number of goods, each defined by its characteristics, interact. We note that proper hedonic indices can be constructed...
Persistent link: https://www.econbiz.de/10012470000
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High-Frequency Substitution and the Measurement of Price Indexes
Feenstra, Robert C. - 2001
This paper investigates the use of high-frequency scanner data to construct price indexes. In the presence of inventory behavior, purchases and consumption by individuals differ over time. Cost-of-living indexes can still be constructed using data on purchases. For weekly data on canned tuna,...
Persistent link: https://www.econbiz.de/10012470550
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Price Indexes for Medical Care Goods and Services : An Overview of Measurement Issues
Berndt, Ernst R. - 1998
We review in considerable detail the conceptual and measurement issues that underlie construction of medical care price indexes in the U.S., particularly the medical care consumer price indexes (MCPIs) and medical-related producer price indexes (MPPIs). We outline salient features of the medical...
Persistent link: https://www.econbiz.de/10012471996
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Diffusion Indexes
Stock, James H. - 1998
This paper considers forecasting a single time series using more predictors than there are time series observations. The approach is to construct a relatively few indexes, akin to diffusion indexes, which are weighted averages of the predictors, using an approximate dynamic factor model....
Persistent link: https://www.econbiz.de/10012472111