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The empirical measurement of productivity change (or difference) by means of indices and indicators starts with the ex post profit/loss accounts of a production unit. Key concepts are profit, leading to indicators, and profitability, leading to indices. The main task for the productivity analyst...
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This paper reviews the main properties of mixed-form (price) indices, in other words, chained indices which in real time behave as direct (fixed-base) indices. The European Union HICP is used as demonstration material.
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