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A New Axiomatic Approach To Index Number Theory
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Book Synopsis A New Axiomatic Approach to Index Number Theory by : Erwin W. Diewert
Download or read book A New Axiomatic Approach to Index Number Theory written by Erwin W. Diewert and published by . This book was released on 2004 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper develops a new axiomatic approach to bilateral index number theory that treats the prices and expenditure shares on N commodities for two periods as the independent variables in the index number formula instead of the traditional approach, which treats the two price vectors and the two quantity vectors as the independent variables. The approach was suggested over a century ago by Walsh (1901). A new axiomatic characterization of the Törnqvist (1936) Theil (1967) price index is obtained.
Book Synopsis The New Palgrave Dictionary of Economics by :
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Book Synopsis Price and Quantity Index Numbers by : Bert M. Balk
Download or read book Price and Quantity Index Numbers written by Bert M. Balk and published by Cambridge University Press. This book was released on 2012-07-19 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first comprehensive text on index number theory since Irving Fisher's 1922 The Making of Index Numbers. The book covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and continuous time environments; and upper- and lower-level indices. Guided by economic insights, this book develops the instrumental or axiomatic approach.
Book Synopsis Fisher's Instrumental Approach to Index Numbers by : Marcel J. Boumans
Download or read book Fisher's Instrumental Approach to Index Numbers written by Marcel J. Boumans and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the beginning of the nineteenth century, a large number of price index number formulae have been developed, mostly named after their inventors, such as the Paasche and Layspeyres indexes. Parallel with the invention of new index formulae, criteria were developed for distinguishing between them. These parallel developments culminated in Irving Fisher's two classics on index numbers, The Purchasing Power of Money (1911) and The Making of Index Numbers (1922). In these, Fisher evaluated index formulae in a systematic way with respect to a number of “tests.” Although these two volumes are considered the “Old and New Testament” of Axiomatic Index Theory, the axiomatic approach originated from challenges to Fisher's system of tests on grounds of their inconsistency and the seeming arbitrariness of the choice of tests. That debate started with Ragnar Frisch in 1930, but the Axiomatic Index Theory only got its current name and shape - based on functional equation analysis - from Wolfgang Eichhorn in 1973. In Axiomatic Index Theory, the tests are considered as requirements on the functional form of the index number from which the index formula can be derived. If these requirements are inconsistent, no formula can be constructed. So although Fisher's work is seen as the forerunner of the Axiomatic Index Theory, his system of tests was much criticized because of its apparent internal inconsistency. The aim of this essay is to show that evaluating Fisher's work from an axiomatic perspective leads to a misconception of his empirically inclined approach to the assessment of index numbers. For a better understanding of his work on index numbers, his background in mathematics, his philosophical thinking, and his inventions of measuring instruments will all be examined.
Author :International Labour Office Publisher :International Labour Organization ISBN 13 :9789221136996 Total Pages :578 pages Book Rating :4.1/5 (369 download)
Book Synopsis Consumer Price Index Manual by : International Labour Office
Download or read book Consumer Price Index Manual written by International Labour Office and published by International Labour Organization. This book was released on 2004-08-25 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.
Book Synopsis Axiomatic and Economic Approaches to International Comparisons by : W. Erwin Diewert
Download or read book Axiomatic and Economic Approaches to International Comparisons written by W. Erwin Diewert and published by . This book was released on 1996 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper considers the problem of choosing a multilateral system of index numbers in order to make aggregate price and quantity comparisons between many countries and regions. The problems involved in choosing functional forms in order to make these comparisons are both theoretically and empirically more difficult than the problems involved in choosing a bilateral index number formula. The great variation in relative prices and quantities in the international context means that the choice of a multilateral method is empirically important: different methods will give very different answers. The paper reviews ten classes of multilateral methods both from the viewpoint of the axiomatic approach as well as the economic approach. A new system of 11 desirable axioms or properties for multilateral systems is suggested. With respect to the economic approach, the concept of a superlative bilateral index number formula (which can adequately model substitution effects) is adapted to the multilateral context. Each of the 10 classes of multilateral methods is evaluated from the axiomatic and economic perspectives. Four classes of methods are identified as being `best' They are all superlative and satisfy slightly different sets of axioms.
Book Synopsis The Making of Tests for Index Numbers by : Arthur Vogt
Download or read book The Making of Tests for Index Numbers written by Arthur Vogt and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arthur Vogt has devoted a great deal of his scientific efforts to both person and work of Irving Fisher. This book, written with Jànos Barta, gives an excellent impression of Fisher's great contributions to the theory of the price index on the one hand. On the other hand, it continues Fisher's work on this subject along the lines which several authors drew with respect to price index theory since Fisher's death fifty years ago. "This is a highly instructive book on both the history and theory of measurement in economics. It is rather a rich source of interesting properties of more or less well known indices and famous men, especially Irving Fisher, than a precise mathematical text on the axiomatic foundations of indices." (From the Foreword by Wolfgang Eichhorn)
Book Synopsis Essays in Index Number Theory by : Walter E. Diewert
Download or read book Essays in Index Number Theory written by Walter E. Diewert and published by Elsevier Science Limited. This book was released on 1993-03-17 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides introduction and history of index number theory. Deals with surveys and basic methods, superlative index mumbers, the axiomatic approach to index number theory, and aggregation using price proportionality.
Book Synopsis Index Number Theory and Price Statistics by : Peter M von der Lippe
Download or read book Index Number Theory and Price Statistics written by Peter M von der Lippe and published by Walter de Gruyter GmbH & Co KG. This book was released on 2016-11-21 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Practical Introduction to Index Numbers by : Jeff Ralph
Download or read book A Practical Introduction to Index Numbers written by Jeff Ralph and published by John Wiley & Sons. This book was released on 2015-08-17 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an introduction to index numbers for statisticians, economists and numerate members of the public. It covers the essential basics, mixing theoretical aspects with practical techniques to give a balanced and accessible introduction to the subject. The concepts are illustrated by exploring the construction and use of the Consumer Prices Index which is arguably the most important of all official statistics in the UK. The book also considers current issues and developments in the field including the use of large-scale price transaction data. A Practical Introduction to Index Numbers will be the ideal accompaniment for students taking the index number components of the Royal Statistical Society Ordinary and Higher Certificate exams; it provides suggested routes through the book for students, and sets of exercises with solutions.
Book Synopsis Entropy and Diversity by : Tom Leinster
Download or read book Entropy and Diversity written by Tom Leinster and published by Cambridge University Press. This book was released on 2021-04-22 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the mathematical riches of 'what is diversity?' in a book that adds mathematical rigour to a vital ecological debate.
Book Synopsis Handbook of Production Economics by : Subhash C. Ray
Download or read book Handbook of Production Economics written by Subhash C. Ray and published by Springer Nature. This book was released on 2022-06-02 with total page 1797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
Book Synopsis Export and Import Price Index Manual: Theory and Practice by : OECD
Download or read book Export and Import Price Index Manual: Theory and Practice written by OECD and published by OECD Publishing. This book was released on 2010-04-06 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: A joint production by six international organizations, this manual explores the conceptual and theoretical issues that national statistical offices should consider in the daily compilation of export and import price indices. Intended for use by both ...
Book Synopsis International Trade Price Indexes and Seasonal Commodities by : William F. Alterman
Download or read book International Trade Price Indexes and Seasonal Commodities written by William F. Alterman and published by . This book was released on 1999 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Practical Introduction to Index Numbers by : Jeff Ralph
Download or read book A Practical Introduction to Index Numbers written by Jeff Ralph and published by John Wiley & Sons. This book was released on 2015-06-17 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an introduction to index numbers for statisticians, economists and numerate members of the public. It covers the essential basics, mixing theoretical aspects with practical techniques to give a balanced and accessible introduction to the subject. The concepts are illustrated by exploring the construction and use of the Consumer Prices Index which is arguably the most important of all official statistics in the UK. The book also considers current issues and developments in the field including the use of large-scale price transaction data. A Practical Introduction to Index Numbers will be the ideal accompaniment for students taking the index number components of the Royal Statistical Society Ordinary and Higher Certificate exams; it provides suggested routes through the book for students, and sets of exercises with solutions.
Book Synopsis How Economists Model the World Into Numbers by : Marcel Boumans
Download or read book How Economists Model the World Into Numbers written by Marcel Boumans and published by Routledge. This book was released on 2004-12-17 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics is dominated by model building, therefore a comprehension of how such models work is vital to understanding the discipline. This book provides a critical analysis of the economist's favourite tool, and as such will be an enlightening read for some, and an intriguing one for others.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781589063044 Total Pages :698 pages Book Rating :4.0/5 (63 download)
Book Synopsis Producer Price Index Manual by : International Monetary Fund
Download or read book Producer Price Index Manual written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-09-03 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: The producer price index (PPI) measures the rate at which the prices of producer goods and services are changing overtime. It is a key statistic for economic and business decision making and inflation monitoring. The Producer Price Index Manual: Theory and Practice provides clear, up-to-date guidance on the concepts, uses, methods, and economic theory of the PPI, including information on classifications, sources, compilation techniques, and analytical uses of the PPI. The Manual supersedes the previous international guidance on PPIs (available in the Manual on Producers’ Price Indices for Industrial Goods, published by the United Nations Statistics Division in 1979). The Manual's conceptual framework derives from the System of National Accounts1993 and recent developments in index number theory. Preparation of the Manual was undertaken by the Intersecretariat Working Group on Price Statistics through a technical expert group chaired by the IMF and involving representatives from the ILO, the OECD, the UN Economic Commission for Europe, the World Bank, national statistical offices, and academic institutions.
