The Index-Number Problem and Its Solution

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Publisher : Springer
ISBN 13 : 1349108162
Total Pages : 122 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis The Index-Number Problem and Its Solution by : G. Stuvel

Download or read book The Index-Number Problem and Its Solution written by G. Stuvel and published by Springer. This book was released on 1989-06-18 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Index numbers of price and quantity play an important role in the index-linking of government loans. The object of this study is to ascertain what formulae should be used in the construction of new index numbers to replace those known to produce biased measures of price and volume change.

The Index Number Problem

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Author :
Publisher : OUP Oxford
ISBN 13 : 019164952X
Total Pages : 256 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis The Index Number Problem by : Sydney Afriat

Download or read book The Index Number Problem written by Sydney Afriat and published by OUP Oxford. This book was released on 2014-02-27 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theft amounting to £1 was a capital offence in 1260 and a judge in 1610 affirmed the law could not then be applied since £1 was no longer what it was. Such association of money with a date is well recognized for its importance in very many connections. Thus arises the need to know how to convert an amount at one date into the right amount at another date: in other words, a price index. The longstanding question concerning how such an index should be constructed is known as 'The Index Number Problem'. The ordinary consumer price index represents a practical response to this need. However the search for a true price index has given rise to extensive thought and theory to which an impressive number of economists have each contributed a word, or volume. However, there have been hold-ups at a basic level, which are addressed in this book. The approach brings the subject into involvement with utility construction on the basis of finite data, in a form referred to as 'Afriat's Theorem' but now with utility subject to constant (and also possibly approximate) returns.

Index Numbers

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Author :
Publisher : Springer
ISBN 13 : 1349235946
Total Pages : 250 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Index Numbers by : D.S. Prasada Rao

Download or read book Index Numbers written by D.S. Prasada Rao and published by Springer. This book was released on 2016-07-27 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'An authoritative survey with exciting new insights of special interest to economists and econometricians who analyse intertemporal and interspatial price relationships.' - Professor Angus Maddison, Groningen University This book presents a comprehensive review of recent developments in the theory and construction of index numbers using the stochastic approach, demonstrating the versatility of this approach in handling various index number problems within a single conceptual framework. It also contains a brief, but complete, review of the existing approaches to index numbers with illustrative numerical examples. The stochastic approach considers the index number problem as a signal extraction problem. The strength and reliability of the signal extracted from price and quantity changes for different commodities depends upon the messages received and the information content of the messages. The most important applications of the new approach are to be found in the context of measuring rate of inflation; fixed and chain base index numbers for temporal comparisons and for spatial intercountry comparisons; the latter generally require special index number formulae that result in transitive and base invariant comparisons.

Price and Quantity Index Numbers

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Publisher : Cambridge University Press
ISBN 13 : 1107404967
Total Pages : 301 pages
Book Rating : 4.1/5 (74 download)

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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.

A Practical Introduction to Index Numbers

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118977815
Total Pages : 233 pages
Book Rating : 4.1/5 (189 download)

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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.

Index Numbers in Economic Theory and Practice

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Author :
Publisher : Routledge
ISBN 13 : 135151279X
Total Pages : 288 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Index Numbers in Economic Theory and Practice by : R. G. D. Allen

Download or read book Index Numbers in Economic Theory and Practice written by R. G. D. Allen and published by Routledge. This book was released on 2017-07-12 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no book currently available that gives a comprehensive treatment of the design, construction, and use of index numbers. However, there is a pressing need for one in view of the increasing and more sophisticated employment of index numbers in the whole range of applied economics and specifically in discussions of macroeconomic policy. In this book, R. G. D. Allen meets this need in simple and consistent terms and with comprehensive coverage. The text begins with an elementary survey of the index-number problem before turning to more detailed treatments of the theory and practice of index numbers. The binary case in which one time period is compared with another is first developed and illustrated with numerous examples. This is to prepare the ground for the central part of the text on runs of index numbers. Particular attention is paid both to fixed-weighted and to chain forms as used in a wide range of published index numbers taken mainly from British official sources. This work deals with some further problems in the construction of index numbers, problems which are both troublesome and largely unresolved. These include the use of sampling techniques in index-number design and the theoretical and practical treatment of quality changes. It is also devoted to a number of detailed and specific applications of index-number techniques to problems ranging from national-income accounting, through the measurement of inequality of incomes and international comparisons of real incomes, to the use of index numbers of stock-market prices. Aimed primarily at students of economics, whatever their age and range of interests, this work will also be of use to those who handle index numbers professionally.

An Index Number Formula Problem

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145187166X
Total Pages : 22 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis An Index Number Formula Problem by : Mick Silver

Download or read book An Index Number Formula Problem written by Mick Silver and published by International Monetary Fund. This book was released on 2009-01-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical case of broadly comparable items. This paper provides a formal analysis as to why such formulas differ and proposes a solution to this index number problem.

Export and Import Price Index Manual: Theory and Practice

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Publisher : OECD Publishing
ISBN 13 : 9264085416
Total Pages : 705 pages
Book Rating : 4.2/5 (64 download)

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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 ...

Consumer Price Index Manual

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Publisher : International Labour Organization
ISBN 13 : 9789221136996
Total Pages : 578 pages
Book Rating : 4.1/5 (369 download)

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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.

Index to Mathematical Problems, 1980-1984

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Publisher : MathPro Press
ISBN 13 : 9780962640117
Total Pages : 554 pages
Book Rating : 4.6/5 (41 download)

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Book Synopsis Index to Mathematical Problems, 1980-1984 by : Stanley Rabinowitz

Download or read book Index to Mathematical Problems, 1980-1984 written by Stanley Rabinowitz and published by MathPro Press. This book was released on 1992 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: A compendium of over 5,000 problems with subject, keyword, author and citation indexes.

A Treatise on Money and Essays on Monetary Problems

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Publisher :
ISBN 13 :
Total Pages : 444 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis A Treatise on Money and Essays on Monetary Problems by : Joseph Shield Nicholson

Download or read book A Treatise on Money and Essays on Monetary Problems written by Joseph Shield Nicholson and published by . This book was released on 1893 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt:

American Problems of Reconstruction

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Publisher : New York : E.P. Dutton
ISBN 13 :
Total Pages : 516 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis American Problems of Reconstruction by : Elisha M. Friedman

Download or read book American Problems of Reconstruction written by Elisha M. Friedman and published by New York : E.P. Dutton. This book was released on 1918 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Making of Index Numbers

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Author :
Publisher : Forgotten Books
ISBN 13 : 9780656386048
Total Pages : 562 pages
Book Rating : 4.3/5 (86 download)

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Book Synopsis The Making of Index Numbers by : Irving Fisher

Download or read book The Making of Index Numbers written by Irving Fisher and published by Forgotten Books. This book was released on 2018-02-12 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability In order to help resolve the questions remaining at issue, a large number of calculations have been made for this book in addition to the large number which had already been made. Any one who has not himself attempted a like task can scarcely realize the amount of time, labor, and expense involved. Some of the work must have been abandoned had not the Pollak Foundation for Economic Research come to the rescue. The result has been a much more complete survey of possible formula than any hitherto attempted. Although, in a subject like this, absolute completeness is out of the question, since the number of possible formula is infinite, nevertheless, the whole field has been so mapped out as to leave no large gaps. The aim has been to settle decisively, if possible, the questions of how widely the various results reached by different possible methods diverge from each other, and why. Each of more than a hundred formula has been examined and calculated in four series. Each of these series has its mile to play in this study, even formula which are found, in the end, to have no practical use. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The Making of Tests for Index Numbers

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 366213179X
Total Pages : 227 pages
Book Rating : 4.6/5 (621 download)

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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)

Analysis of the Electric Railway Problem

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Author :
Publisher : New York : The Author
ISBN 13 :
Total Pages : 820 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Analysis of the Electric Railway Problem by : Delos Franklin Wilcox

Download or read book Analysis of the Electric Railway Problem written by Delos Franklin Wilcox and published by New York : The Author. This book was released on 1921 with total page 820 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Simple Rules and Problems in Navigation

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Publisher :
ISBN 13 :
Total Pages : 278 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Simple Rules and Problems in Navigation by : Charles Hurst Cugle

Download or read book Simple Rules and Problems in Navigation written by Charles Hurst Cugle and published by . This book was released on 1918 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Chapters on Statistical Methods as Applied to Economic Business Problems

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Publisher :
ISBN 13 :
Total Pages : 624 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Chapters on Statistical Methods as Applied to Economic Business Problems by : Frederick Cecil Mills

Download or read book Chapters on Statistical Methods as Applied to Economic Business Problems written by Frederick Cecil Mills and published by . This book was released on 1923 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: