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Problems with the Measurement of Banking Services in a National Accounting Framework

Diewert, W. Erwin - 2012

The paper considers some of the problems associated with the indirectly measured components of financial service outputs in the System of National Accounts (SNA), termed FISIM (Financial Intermediation Services Indirectly Measured). The paper utilizes a user cost and supplier benefit approach to...

Persistent link: https://www.econbiz.de/10013107917

Axiomatic Foundations of Inefficiency Measurement on < input, output > Space

Russell, R. Robert; Schworm, William - 2009

We provide an axiomatic foundation for efficiency measurement in the full space, referred to as "graph efficiency …

Persistent link: https://www.econbiz.de/10014046424

Efficiency and Outsourcing : Evidence from Australian Manufacturing

Bakhtiari, Sasan - 2014

This paper studies the role of efficiency in a firm's decision to contract out. Emphasis is on the heterogeneous nature … manufacturing reveal an ordering of efficiency between firms that contract out and those that do not, in which contracting-out firms … are on aggregate less efficient. The analysis further shows that firms experience improvement in their efficiency soon …

Persistent link: https://www.econbiz.de/10013066855

Disaggregated House Price Indices

Shao, Adam Wenqiang - 2013

This paper estimates and compares methods of constructing disaggregated house price indices from existing house price models using individual sales data for Sydney. Nine alternative house price models are selected to cover the most frequently used methods in the literature: the mean model,...

Persistent link: https://www.econbiz.de/10013084750

Prices over the Product Life Cycle : Implications for Quality-Adjustment and the Measurement of Inflation

Melser, Daniel - 2013

The paper explores the extent to which products follow systematic pricing patterns over their life cycle and the impact this has on the measurement of inflation. Using a large US scanner data set on supermarket products and applying flexible regression methods, we find that on average prices...

Persistent link: https://www.econbiz.de/10013074551

A New Perspective on the Relationship between House Prices and Income

Hill, Robert J. - 2008

some of the implications with regard to the evolution of house prices, price-to-income ratios, the efficiency of the …

Persistent link: https://www.econbiz.de/10012722420

Sunk Costs and the Measurement of Commercial Property Depreciation

Diewert, W. Erwin - 2014

This paper develops a new framework for measuring prices and quantities of commercial properties. In particular, it addresses problems associated with obtaining separate estimates for the land and structure components of a property. A key contribution is to address the problem of estimating...

Persistent link: https://www.econbiz.de/10013053088

Consumer Benefits of Infrastructure Services

Schwartz, Carmit - 2014

This paper provides methodologies for evaluating consumer benefits of infrastructure services using potentially observable information. We define benefit measures for consumers and, using general principles from the index number literature, derive alternative first and second order...

Persistent link: https://www.econbiz.de/10013056511

Price Discounts and the Measurement of Inflation

Fox, Kevin J. - 2014

Consumers are very responsive to sales, yet statistical agency practice typically under-weights sale prices in the Consumer Price Index (CPI), with some agencies excluding sale prices completely. Evidence is lacking on how this may impact on both the representativeness of prices included in the...

Persistent link: https://www.econbiz.de/10013059072

Flexible Spatial and Temporal Hedonic Price Indexes for Housing in the Presence of Missing Data

Hill, Robert J. - 2015

We propose a flexible hedonic methodology for computing house price indexes that uses multiple imputation (MI) to account for missing data (a huge problem in housing data sets). Ours is the first study to use MI in this context. We also allow for spatial correlation, include interaction terms...

Persistent link: https://www.econbiz.de/10012707427