What Impact does the Choice of Formula have on International Comparisons?
AbstractIn this paper an empirical comparison of a number of alternative multilateral index-number formulae is undertaken. The magnitude of the effect of choosing one formula over another is ascertained using an appropriate cross-sectional data set constructed under the auspices of the Eurostat-OECD Purchasing Power Parity Programme. To this end, a new indicator is proposed that facilitates the measurement of the difference between two sets of bloc consumption shares, each computed using a different multilateral comparison method.
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Bibliographic InfoPaper provided by Carleton University, Department of Economics in its series Carleton Economic Papers with number 97-03.
Length: 28 pages
Date of creation: Mar 1997
Date of revision: Aug 2001
Publication status: Published: – revised version in Canadian Journal of Economics, Vol. 34, No. 3 (August 2001), pp. 697–718
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Other versions of this item:
- Keir G. Armstrong, 2001. "What impact does the choice of formula have on international comparisons?," Canadian Journal of Economics, Canadian Economics Association, vol. 34(3), pages 697-718, August.
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- F31 - International Economics - - International Finance - - - Foreign Exchange
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
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