› › Index Numbers In Theory And Practice

Index Numbers in Economic Theory and Practice

Author : R. G. D. Allen

Publisher : Transaction Publishers

Page : 290 pages

File Size : 46,51 MB

Release : 2008

Category : Business & Economics

ISBN : 9780202362540

Get eBook

Book Description

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. R. G. D. Allen (1906-1983) was Professor Emeritus at the University of London. He was also once president of the Royal Statistical Society and Treasurer of the British Academy where he was a fellow. He is the author of Basic Mathematics, Mathematical Analysis for Economists, Mathematical Economics and Macroeconomic Theory.



Essays on the Theory and Practice of Index Numbers

Author : Kam Yu

Publisher : VDM Verlag

Page : 201 pages

File Size : 37,6 MB

Release : 2010-03

Category : Econometrics

ISBN : 3639212371

Get eBook

Book Description

Economic measurement has over the years become an important subject in academic and policy researches. Debates in the development of macroeconomic theory and public policy rely on accurate feedback of aggregate data. This book fills the gap between the theory and practice in index numbers. It reviews and explores several important topics which lead to improvement in measuring price and output indices. These include econometric problems in hedonic regression, treatment of seasonal goods in the CPI, output and productivity measurement of government services, efficiency analysis of the health care sector, and a novel approach in calculating the cost-of-living indices for products involving risk and uncertainty. The book serves as a valuable references for academic economists, policy analysts, and economic statisticians.



Index Numbers in Economic Theory and Practice

Author : R. G. D. Allen

Publisher : Transaction Publishers

Page : 290 pages

File Size : 26,59 MB

Release :

Category : Business & Economics

ISBN : 1412813921

Get eBook

Book Description

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. R. G. D. Allen (1906-1983) was Professor Emeritus at the University of London. He was also once president of the Royal Statistical Society and Treasurer of the British Academy where he was a fellow. He is the author of Basic Mathematics, Mathematical Analysis for Economists, Mathematical Economics and Macroeconomic Theory.



Price and Quantity Index Numbers

Author : Bert M. Balk

Publisher : Cambridge University Press

Page : 301 pages

File Size : 34,37 MB

Release : 2012-07-19

Category : Business & Economics

ISBN : 1107404967

Get eBook

Book Description

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

Author : Jeff Ralph

Publisher : John Wiley & Sons

Page : 233 pages

File Size : 21,66 MB

Release : 2015-06-17

Category : Mathematics

ISBN : 1118977793

Get eBook

Book Description

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 Theory and Price Statistics

Author : Peter von der Lippe

Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften

Page : 592 pages

File Size : 49,15 MB

Release : 2007

Category : Business & Economics

ISBN :

Get eBook

Book Description

This textbook integrates mathematical index theory and its application in official price statistics. It tries to bridge theory and practice, due to the apparent divergence between mathematicians with ever more sophisticated and complex models and practitioners with problems that are more and more difficult to understand without broad knowledge and some experience. The text offers an introduction into axiomatic, microeconomic and stochastic reasoning as regards index numbers, with moderately difficult mathematics. It also summarizes many ongoing discussions concerning methodological merits and demerits of specific indices, such as consumer price-, producer price-, unit value- and chain indices, in official price statistics. The book is comprehensive and presents a readable overview of a great number of topics in modern price index theory and their application in inflation measurement, deflation of aggregates in National Accounts, sampling and quality adjustment in price collection and other important though controversial issues.



Consumer Price Index Manual

Author : International Labour Office

Publisher : International Labour Organization

Page : 578 pages

File Size : 16,32 MB

Release : 2004-08-25

Category : Business & Economics

ISBN : 9789221136996

Get eBook

Book Description

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.



Statistics (Theory & Practice)

Author : R S N Pillai

Publisher : S. Chand Publishing

Page : 888 pages

File Size : 10,81 MB

Release : 2008

Category : Technology & Engineering

ISBN : 8121904315

Get eBook

Book Description

This book faciliates easy understanding of the matter without any tediousness in grasping the theories and illustrations.This book is completed in respect of the syllabus for B.Com and B.A.(Eco) degrees (Semester and Non-Semester) of Madurai Kamaraj University.Every effort has been made to give illustrations for lucidit. Every chapter explains the principles through appropiate illustrations.At the end of each chapter selected exercises from different university papers have been included alongwith answers.This book covers theortical, practical and applied aspects of statistics as far as possible in a clear and exhaustive manner. This book contains 553 solved illustrations, 442 Objective Type Questions, 264 theortical questions and 1,000 practical problems with appropiate answers.



Index Numbers

Author : D.S. Prasada Rao

Publisher : Springer

Page : 250 pages

File Size : 18,70 MB

Release : 2016-07-27

Category : Business & Economics

ISBN : 1349235946

Get eBook

Book Description

'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.



Index Numbers in Economic Theory and Practice

Author : R. G. D. Allen

Publisher : Routledge

Page : 290 pages

File Size : 49,87 MB

Release : 2017-07-12

Category : Business & Economics

ISBN : 135151279X

Get eBook

Book Description

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.