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A Restricted-Domain Multilateral Test Approach to the Theory of International Comparisons

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Author Info
Keir G. Armstrong () (Department of Economics, Carleton University)

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Abstract

This paper develops a novel multilateral test approach to the problem of international comparisons. Many of the associated tests are justi¯ed as \reasonable" using the fact that they are direct analogues to properties of the cost-of-living index. Further support is bestowed upon the new approach by showing that it is equivalent to an extended version of Diewert's (1986) multilateral test approach. Finally, a number of alternative multilateral comparison formulae are evaluated and the relative superiority of two of them is established.

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File URL: http://www.carleton.ca/economics/cep/cep99-16.pdf
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Publisher Info
Paper provided by Carleton University, Department of Economics in its series Carleton Economic Papers with number 99-16.

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Length: 62 pages
Date of creation: Sep 1999
Date of revision:
Handle: RePEc:car:carecp:99-16

Note: revised & extended version of CEP 96-03
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Related research
Keywords: Index numbers test approaches to index number theory multilateral comparisons purchasing power parities.

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Find related papers by JEL classification:
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 - - - Microeconomic Data
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
F31 - International Economics - - International Finance - - - Foreign Exchange
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses
O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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  1. Diewert, W.E., 1989. "Fisher Ideal Output , Input And Productivity Indexes Revisited," UBC Departmental Archives 89-07, UBC Department of Economics.
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This page was last updated on 2008-10-4.


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