Does deflation method matter for productivity measures?
AbstractIn this paper, we argue against the use the double deflation method to produce an equilibrating system of account at a constant price. In fact, by relaxing such a condition, by means of the single deflation method, we obtain a measure of purchasing power transfer that can be decomposed in productivity and market distortion. Results are presented for the evolution of the Italian economy for the periods 1995-2002
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Bibliographic InfoPaper provided by Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia in its series Working Paper CRENoS with number 200901.
Date of creation: 2009
Date of revision:
national account; prices index; input output; total factor productivity;
Find related papers by JEL classification:
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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- Babeau, Andre, 1978. "The Application of the Constant Price Method for Evaluating the Transfer Related to Inflation: The Case of French Households," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 24(4), pages 391-414, December.
- Francesco Devicienti & Agata Maida & Lia Pacelli, 2006.
"The Resurrection of the Italian Wage Curve,"
LABORatorio R. Revelli Working Papers Series
52, LABORatorio R. Revelli, Centre for Employment Studies.
- Devicenti francesco & Maida Agata & Pacelli Lia, 2005. "The Resurrection of the Italian Wage Curve," Department of Economics and Statistics Cognetti de Martiis. Working Papers 200502, University of Turin.
- Gabrielle Antille & Emilio Fontela, 2003. "The Terms of Trade and the International Transfers of Productivity Gains," Economic Systems Research, Taylor & Francis Journals, vol. 15(1), pages 3-19.
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