Exact and superlative index numbers

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WebAn empirical analysis of TFP gains in the agricultural crop-sub-sector of NWFP using Malmquist Index approach. A. Kiani. Economics. 2009. This paper investigates the total factor productivity (TFP) performance of NWFP agriculture crop subsector from 1970 to 2004. It identifies the sources of growth of TFP growth and assesses TFP growth…. … WebHe summarized and tightened the theory of exact and superlative index numbers, and clarified the role of index numbers in the formation of aggregated commodity groups. His contributions to this subject are reflected in the practices of Statistics Canada and other national statistical agencies. Diewert’s lifetime contributions exemplify the ...

List of price index formulas - Wikipedia

WebMar 1, 2011 · We examine the impact of time aggregation on price change estimates for 19 supermarket item categories using scanner data. Time aggregation choices lead to a difference in price change estimates for chained indexes which ranged from 0.28% to 29.73% for a superlative index and an incredible 14.88%–46,463.71% for a non … WebFeb 1, 1976 · An index number functional form is said to be ‘superlative’ if it is exact (i.e., consistent with) for a ‘flexible’ aggregator functional form. … michigan judge fgm

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WebNov 27, 2024 · For previously identified weakly separable blockings of goods and assets, we construct aggregates using four superlative index numbers, the Fisher, Sato-Vartia, Törnqvist, and Walsh, two non-superlative indexes, the Laspeyres and Paasche, and the atheoretical simple summation. ... Diewert, W. E. (1976) Exact and superlative index … WebThe paper reviews and extends the theory of exact and superlative index numbers. Exact index numbers are empirical index number formula that are equal to an underlying theoretical index, provided … Expand. 22. Save. Alert. An Evaluation Of The Use Of Hedonic Regressions For Basic Components Of Consumer Price Indices. WebAn index number functional form is said to be 'superlative' if it is exact (i.e., consistent with) for a 'flexible' aggregator functional form. The paper shows that a certain family of index number formulae is exact for the 'flexible' quadratic mean of order r aggregator function, (Σ iΣ ja ijx i r 2x j r 2) 1 r, defined by Den and others. michigan jr colleges

Scientific and Technological Needs".The Theory of Exact and …

Chapter 8 Cost of Living Indexes and Exact Index Numbers

WebDec 19, 2016 · Aggregation theory and index-number theory have been used to generate official governmental data since the 1920s. One exception still exists. The monetary quantity aggregates and interest rate aggregates supplied by many central banks are not based on index-number or aggregation theory, but rather are the simple unweighted sums of the … WebMar 1, 2005 · The main results are the following: (i) the so-called Quadratic Identity on which the superlative index numbers are based can be applied in more general cases than … michigan judge makes major abortion rulingWebCorrections. All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:econom:v:4:y:1976:i:2:p:115-145.See general information about how to correct material in RePEc.. For technical questions regarding … michigan judge election ruling

"WebSep 15, 2009 · Abstract. The traditional economic approach to index number theory is based on a ratio of cost functions. Diewert defined superlative price and quantity indices … " - Exact and superlative index numbers

Exact and superlative index numbers

The Theory of the Cost-of-Living Index and the ... - ScienceDirect

Websuperlative index number formula. A quantity index Q is defined to be superlative if it is exact for a neoclassical aggregator function' f which is capable of providing a second … WebMay 29, 2009 · The chapter reviews and extends the theory of exact and superlative index numbers. Exact index numbers are empirical index number formula that are equal to an underlying theoretical index, provided that the consumer has preferences that can be represented by certain functional forms. These exact indexes can be used to measure …

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WebJan 11, 2009 · The consumer price index (CPI) is usually computed as a fixed-weighted Laspeyres price index, with the weights updated at discrete intervals only. It is well known that the Laspeyres functional form entails a substitution bias. One way to reduce it would be to use chained indices, and superlative ones if possible. Unfortunately, the necessary … WebThis chapter contains a critical review of the theory of “exact” and “superlative” index numbers that is still dominating the ﬁeld of economic index numbers. An index …

WebIn this paper, Fox interviews Diewert on his academic career. His contributions to the development of flexible functional forms, superlative index numbers, the difference approach to index number theory, the measurement of waste, the user cost of capital, the measurement of Total Factor Productivity, the use of generalized concavity in … WebAn index number functional form is said to be ‘superlative’ if it is exact (i.e., consistent with) for a ‘flexible’ aggregator functional form. The paper shows that a certain family of …

WebThe Theory of Exact and Superlative Index Numbers Revisited . SHOW MORE ... WebJan 1, 1990 · The Consumer Price Index is often regarded as an approximation to a Cost-of-Living Index. This paper reviews the theoretical foundations of the Cost-of-Living Index and the closely related problems involved in measuring changes in economic welfare. The Cost-of-Living Index for a single person is defined as the minimum cost of achieving a ...

WebNov 30, 2016 · Exact and superlative index numbers. Journal of Econometrics 4: 115–45. CrossRef Google Scholar Diewert, W.E. 1978. Superlative index numbers and …

WebPrice index numbers are usually defined either in terms of (actual or hypothetical) ... A superlative index is defined technically as "an index that is exact for a flexible … michigan judge abortion rulingWebThe Theory of Exact and Superlative Index Numbers Revisited. EN. English Deutsch Français Español Português Italiano Român Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Türkçe Suomi Latvian Lithuanian česk ... michigan judges election resultsWebAll superlative indices produce similar results and are generally the favored formulas for calculating price indices. A superlative index is defined technically as "an index that is exact for a flexible functional form that can provide a second-order approximation to other twice-differentiable functions around the same point." Fisher the noun of the verb “invite” is :WebJul 5, 2012 · Exact and superlative index numbers. Authors. W. E. Diewert; Publication date. Publisher. Abstract Abstract is not available. article; Similar works. Full text. … the noun of investWebExact and superlative index numbers. WE Diewert. Journal of econometrics 4 (2), 115-145, 1976. 3600: 1976: Multilateral comparisons of output, input, and productivity using superlative index numbers. DW Caves, LR Christensen, WE Diewert. The economic journal 92 (365), 73-86, 1982. 2720: the noun of formalWebDec 1, 2002 · In order to identify and analyze the exact contribution by each item i to the growth of COL index, ... showed that Fisher index can be numerically approximated by other superlative index numbers. michigan judges on ballotWebSUPERLATIVE INDEX NUMBERS AND CONSISTENCY IN AGGREGATION BY W. E. DIEWERT' Very often, an index number used in an economic model has been … the noun of grateful