Hedonic price indexes and the measurement of capital and productivity
Author : Zvi Griliches
Publisher :
Page : 33 pages
File Size : 23,49 MB
Release : 1988
Category :
ISBN :
Hedonic Price Indexes and the Measurement of Capital and Productivity
Author :
Publisher :
Page : pages
File Size : 26,23 MB
Release : 1988
Category :
ISBN :
Book Description
Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes Special Application to Information Technology Products
Author : Triplett Jack
Publisher : OECD Publishing
Page : 257 pages
File Size : 11,14 MB
Release : 2006-09-21
Category :
ISBN : 9264028153
Book Description
Price indexes can be constructed using a “hedonic method” that adjusts for changes in the quality of a product. This handbook sets out best practice for constructing hedonic indexes.
Price Index Concepts and Measurement
Author : W. Erwin Diewert
Publisher : University of Chicago Press
Page : 531 pages
File Size : 36,22 MB
Release : 2010-02-15
Category : Business & Economics
ISBN : 0226148572
Book Description
Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.
Hard-to-Measure Goods and Services
Author : Ernst R. Berndt
Publisher : University of Chicago Press
Page : 621 pages
File Size : 42,95 MB
Release : 2009-02-15
Category : Business & Economics
ISBN : 0226044505
Book Description
The celebrated economist Zvi Griliches’s entire career can be viewed as an attempt to advance the cause of accuracy in economic measurement. His interest in the causes and consequences of technical progress led to his pathbreaking work on price hedonics, now the principal analytical technique available to account for changes in product quality. Hard-to-Measure Goods and Services, a collection of papers from an NBER conference held in Griliches’s honor, is a tribute to his many contributions to current economic thought. Here, leading scholars of economic measurement address issues in the areas of productivity, price hedonics, capital measurement, diffusion of new technologies, and output and price measurement in “hard-to-measure” sectors of the economy. Furthering Griliches’s vital work that changed the way economists think about the U.S. National Income and Product Accounts, this volume is essential for all those interested in the labor market, economic growth, production, and real output.
Fifty Years of Economic Measurement
Author : Ernst R. Berndt
Publisher : University of Chicago Press
Page : 468 pages
File Size : 35,2 MB
Release : 2008-04-15
Category : Business & Economics
ISBN : 0226044319
Book Description
This volume contains papers presented at a conference in May 1988 in Washington, D.C., commemorating the fiftieth anniversary of the founding of the Conference on Research in Income and Wealth (CRIW). The call for papers emphasized assessments of broad topics in economic measurement, both conceptual and pragmatic. The organizers desired (and succeeded in obtaining) a mix of papers that, first, illustrate the range of measurement issues that economics as a science must confront and, second, mark major milestones of CRIW accomplishment. The papers concern prices and output (Griliches, Pieper, Triplett) and also the major productive inputs, capital (Hulten) and labor (Hamermesh). Measures of saving, the source of capital accumulation, are covered in one paper (Boskin); measuring productivity, the source of much of the growth in per capita income, is reviewed in another (Jorgenson). The use of economic data in economic policy analysis and in regulation are illustrated in a review of measures of tax burden (Atrostic and Nunns) and in an analysis of the data needed for environmental regulation (Russell and Smith); the adequacy of data for policy analysis is evaluated in a roundtable discussion (chapter 12) involving four distinguished policy analysts with extensive government experience in Washington and Ottawa.
A Practical Guide to Price Index and Hedonic Techniques
Author : Ana M. Aizcorbe
Publisher : OUP Oxford
Page : 133 pages
File Size : 21,23 MB
Release : 2014-06-12
Category : Business & Economics
ISBN : 0191006815
Book Description
This book provides an accessible guide to price index and hedonic techniques, with a focus on how to best apply these techniques and interpret the resulting measures. One goal of this book is to provide first-hand experience at constructing these measures, with guidance on practical issues such as what the ideal data would look like and how best to construct these measures when the data are less than ideal. A related objective is to fill the wide gulf between the necessarily simplistic elementary treatments in textbooks and the very complex discussions found in the theoretical and empirical measurement literature. Here, the theoretical results are summarized in an intuitive way and their numerical importance is illustrated using data and results from existing studies. Finally, while the aim of much of the existing literature is to better understand official price indexes like the Consumer Price Index, the emphasis here is more practical: to provide the needed tools for individuals to apply these techniques on their own. As new datasets become increasingly accessible, tools like these will be needed to obtain summary price measures. Indeed, these techniques have been applied for years in antitrust cases that involve pricing, where economic experts typically have access to large, granular datasets.
Price Measurements and Their Uses
Author : Murray F. Foss
Publisher : University of Chicago Press
Page : 404 pages
File Size : 19,46 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226257320
Book Description
In an economy characterized by frequent change in technology, in the types of goods and services purchased, and in the forms of business organization, keeping track of price change continues to pose many difficulties. Price change affects the way we perceive changes in such basic measures as real output, productivity, and living standards. This volume, which brings together academic economists with those responsible for official price indexes, presents outstanding new research on price measurement. Half of the papers focus on prices for mainframe and personal computers, semiconductors, and other high-tech products, using mainly hedonic techniques. The volume includes a panel discussion by distinguished economists about the theoretical and practical considerations of how best to measure price change of capital goods whose quality is changing rapidly. The authors also present new research on more conventional but still unsettled problems in the price field affecting both the consumer and producer price indexes of the Bureau of Labor Statistics.
Measurement and Interpretation of Productivity
Author : Assembly of Behavioral and Social Sciences (U.S.). Panel to Review Productivity Statistics
Publisher : National Academies
Page : 476 pages
File Size : 12,69 MB
Release : 1979
Category : Business & Economics
ISBN :
Book Description
Monograph based on a research report on the measurement of productivity in the USA - examines the uses, misuses and limitations of productivity measures, reviews basic concepts including that of the production function, analyses problems in the measurement of input (capital, hours of work, training, etc.) and output, makes an international comparison, and presents individual papers on the issue. Bibliographys after most papers, diagram, graphs, references and statistical tables.
Advances in Economic Measurement
Author : Duangkamon Chotikapanich
Publisher : Springer Nature
Page : 675 pages
File Size : 46,35 MB
Release : 2022-10-03
Category : Business & Economics
ISBN : 9811920230
Book Description
The purpose of this book is to honour D.S. Prasada Rao and his many outstanding contributions to economic measurement, including index number methods for international comparisons of prices, real incomes, output, and productivity; stochastic approaches to index numbers; purchasing power parities for the measurement of regional and global inequality and poverty; and measurement of income and economic insecurity. This book brings together contributions by well-known and influential researchers in the field of economic measurement with special focus on topics in productivity measurement (Part I); income and health inequality, inequality of opportunity, and measurement of insecurity (Part II); index number theory and applications to consumer price index numbers, international comparisons of prices and real expenditures, and housing price index numbers (Part III). The chapters are authored by eminent researchers including Conchita D’Ambrosio, Bert Balk, Erwin Diewert, Robert Hill, Robert Inklaar, Knox Lovell, Robin Sickles, Jacques Silber and Marcel Timmer. The contributed papers offer in-depth reviews of the state of the art in these areas with a focus on the existing methods and applications, making the volume an invaluable source for both experienced researchers and new researchers, including PhD and other postgraduate students.
