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at discrete intervals only. It is well known that the Laspeyres functional form entails a substitution bias. One way to … proposed index has the Fisher form. This makes it possible to assess the size of the substitution bias. An application to Swiss …
Persistent link: https://www.econbiz.de/10011933194
Unit labor cost (ULC) is defined as labor compensation per value added. It captures the cost competitiveness of industries and countries. As labor compensation is wage multiplied by hours worked or number of people employed, it is easy to show that ULC is wage divided by labor productivity....
Persistent link: https://www.econbiz.de/10011552018
market has not measured the real extent of that bias, probably due to the omission of controls for unobservables. It is also … the controls for age effects and time-invariant unobservables would have increased this bias to 0.2 % . The estimated …
Persistent link: https://www.econbiz.de/10011650294
This work focuses on the development of house price indices for Nigeria, and the estimates of the Nigerian Residential Property Price Indices on housing characteristics are presented. Four main methods of index construction were considered, these are hedonic regression, repeat-sales,...
Persistent link: https://www.econbiz.de/10011482575
Sharp changes in consumer expenditure may bias inflation during the COVID-19 pandemic. Using public data from debit … price index to measure the effect of the COVID-induced weighting bias on the Swiss consumer price index. I find that …
Persistent link: https://www.econbiz.de/10013205797
indices used for the purpose of estimation. All of these decisions can affect the bias of consumer price indices, i.e. the …
Persistent link: https://www.econbiz.de/10013444143
Persistent link: https://www.econbiz.de/10014289986
The presented considerations are an attempt to verify the possibility of using input-output tables for modeling and, as a consequence, to forecast inflation. The study is a continuation of previous simulation experiments performed on a limited statistical material. The study uses input-output...
Persistent link: https://www.econbiz.de/10014485870
The capacity of input-output tables to reflect the structural peculiarities of an economy and to forecast, on this basis, its evolution, depends essentially on the characteristics of the matrix A matrix of I-O (or technical) coefficients. However, the temporal behaviour of these coefficients is...
Persistent link: https://www.econbiz.de/10011551997
these measures are largely unsatisfactory. The axiomatic theory of indexes does not make clear which economic problem a … example, the theory of the CPI is usually developed for a single consumer with homothetic preferences and then applied to a …
Persistent link: https://www.econbiz.de/10010295317