Changes in quality in information technology products provoke that compilation of their price indexes represent a major challenge. In this respect, this paper has three goals. In first place, to build price indexes for personal computers during 1990-2004. In second place, to compare our price indexes with those compiled by Mexican Central Bank, Spanish National Institute of Statistics, and Bureau of Labor Statistics. In third place, to make an exploration about the viability of hedonic functions transfer between countries. Our results show a 21% average decline of the PC price index during the analyzed period. In consequence, official price index related to computers has a measurement bias. The adjusted CPI implies that the inflation rate was 4.425%, and not 4.463% as established by the Central Bank between July 2003 and December 2004.
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Volume (Year): XV (2006) Issue (Month): 1 (January-June) Pages: 97-124 Download reference. The following formats are available: HTML
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Handle: RePEc:emc:ecomex:v:15:y:2006:i:1:p:97-124
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