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Introduction to Measurement with Theory

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Author Info

  • William Barnett

    (Department of Economics, The University of Kansas)

  • W. Erwin Diewert

    (Department of Economics, University of British Columbia)

  • Arnold Zellner

    (Graduate School of Business, University of Chicago)

Abstract

This paper is the introduction to the forthcoming Macroeconomic Dynamics Special Issue on Measurement with Theory. The Guest Editors of the special issue are William A. Barnett, W. Erwin Diewert, Shigeru Iwata, and Arnold Zellner. The authors of this detailed introduction and commentary are William A. Barnett, W. Erwin Diewert, and Arnold Zellner. The included papers are part of a larger initiative to promote measurement with theory in economics.

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File URL: http://www2.ku.edu/~kuwpaper/2009Papers/200906.pdf
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Bibliographic Info

Paper provided by University of Kansas, Department of Economics in its series WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS with number 200906.

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Length: 38 pages
Date of creation: Apr 2009
Date of revision: Apr 2009
Handle: RePEc:kan:wpaper:200906

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Keywords: Measurement; index number theory; aggregation theory.;

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References

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  1. Barnett, William A. & Chauvet, Marcelle & Tierney, Heather L. R., 2009. "Measurement Error In Monetary Aggregates: A Markov Switching Factor Approach," Macroeconomic Dynamics, Cambridge University Press, vol. 13(S2), pages 381-412, September.
  2. Diewert, W. Erwin, . "Axiomatic and Economic Approaches to International Comparisons," Old UBC Departmental Papers 9611, UBC Department of Economics.
  3. Hill, Robert J., 2003. "Constructing price indexes across space and time: the case of the European Union," GGDC Research Memorandum 200362, Groningen Growth and Development Centre, University of Groningen.
  4. Varian, Hal R, 1982. "The Nonparametric Approach to Demand Analysis," Econometrica, Econometric Society, vol. 50(4), pages 945-73, July.
  5. Inklaar, R. & Timmer, M.P., 2009. "Productivity Convergence Across Industries and Countries: The Importance of Theory-based Measurement," GGDC Research Memorandum GD-109, Groningen Growth and Development Centre, University of Groningen.
  6. Weitzman, Martin L, 1988. "Consumer's Surplus as an Exact Approximation When Prices Are Appropriately Deflated," The Quarterly Journal of Economics, MIT Press, vol. 103(3), pages 543-53, August.
  7. Hill, Robert J, 1997. "A Taxonomy of Multilateral Methods for Making International Comparisons of Prices and Quantities," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(1), pages 49-69, March.
  8. Diewert, W. E. & Wales, T. J., 1995. "Flexible functional forms and tests of homogeneous separability," Journal of Econometrics, Elsevier, vol. 67(2), pages 259-302, June.
  9. W.E. Diewert & Catherine J. Morrison, 1985. "Adjusting Output and Productivity Indexes for Changes in the Terms of Trade," NBER Working Papers 1564, National Bureau of Economic Research, Inc.
  10. Townsend, Robert M. & Urzua, Sergio S., 2009. "Measuring The Impact Of Financial Intermediation: Linking Contract Theory To Econometric Policy Evaluation," Macroeconomic Dynamics, Cambridge University Press, vol. 13(S2), pages 268-316, September.
  11. Diewert, W. Erwin & Mizobuchi, Hideyuki, 2009. "Exact And Superlative Price And Quantity Indicators," Macroeconomic Dynamics, Cambridge University Press, vol. 13(S2), pages 335-380, September.
  12. William Barnett & Philippe de Peretti, 2009. "Admissible Clustering of Aggregator Components: A Necessary and Sufficient Stochastic Semi-Nonparametric Test for Weak Separability," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200904, University of Kansas, Department of Economics, revised Jan 2009.
  13. William Barnett & Apostolos Serletis, 2008. "Consumer preferences and demand systems," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200801, University of Kansas, Department of Economics, revised Jan 2008.
  14. Bernard, Andrew B & Jones, Charles I, 1996. "Comparing Apples to Oranges: Productivity Convergence and Measurement across Industries and Countries," American Economic Review, American Economic Association, vol. 86(5), pages 1216-38, December.
  15. repec:fip:fedlpr:y:1994:i:mar:p:133-165 is not listed on IDEAS
  16. Robert J. Hill, 1999. "Comparing Price Levels across Countries Using Minimum-Spanning Trees," The Review of Economics and Statistics, MIT Press, vol. 81(1), pages 135-142, February.
  17. James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
  18. Diewert, W E, 1992. "Exact and Superlative Welfare Change Indicators," Economic Inquiry, Western Economic Association International, vol. 30(4), pages 562-82, October.
  19. J. Peter Neary, 2004. "Rationalizing the Penn World Table: True Multilateral Indices for International Comparisons of Real Income," American Economic Review, American Economic Association, vol. 94(5), pages 1411-1428, December.
  20. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers," Economic Journal, Royal Economic Society, vol. 92(365), pages 73-86, March.
  21. Erwin Diewert, 2010. "New Methodological Developments For The International Comparison Program," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(s1), pages S11-S31, 06.
  22. Angus Deaton & Alan Heston, 2010. "Understanding PPPs and PPP-Based National Accounts," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(4), pages 1-35, October.
  23. Martin L. Witzman, 1988. "Consumer's Surplus as an Exact Approximation when Prices are Appropriately Deflated," Working papers 476, Massachusetts Institute of Technology (MIT), Department of Economics.
  24. Barnett, William A & Choi, Seungmook, 1989. "A Monte Carlo Study of Tests of Blockwise Weak Separability," Journal of Business & Economic Statistics, American Statistical Association, vol. 7(3), pages 363-77, July.
  25. Diewert, W E, 1992. "The Measurement of Productivity," Bulletin of Economic Research, Wiley Blackwell, vol. 44(3), pages 163-98, July.
  26. W. Diewert & Alice Nakamura, 2003. "Index Number Concepts, Measures and Decompositions of Productivity Growth," Journal of Productivity Analysis, Springer, vol. 19(2), pages 127-159, April.
  27. Barnett, William A. & Serletis, Apostolos, 1990. "A dispersion-dependency diagnostic test for aggregation error : With applications to monetary economics and income distribution," Journal of Econometrics, Elsevier, vol. 43(1-2), pages 5-34.
  28. Barnett, William A & Kirova, Milka & Pasupathy, Meenakshi, 1995. "Estimating Policy-Invariant Deep Parameters in the Financial Sector When Risk and Growth Matter," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(4), pages 1402-29, November.
  29. Diewert, Walter E & Wales, Terence J, 1987. "Flexible Functional Forms and Global Curvature Conditions," Econometrica, Econometric Society, vol. 55(1), pages 43-68, January.
  30. Hill, Robert J. & Hill, T. Peter, 2009. "Recent Developments In The International Comparison Of Prices And Real Output," Macroeconomic Dynamics, Cambridge University Press, vol. 13(S2), pages 194-217, September.
  31. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
  32. Blackorby, Charles & Primont, Daniel & Russell, R. Robert, 1977. "On testing separability restrictions with flexible functional forms," Journal of Econometrics, Elsevier, vol. 5(2), pages 195-209, March.
  33. Harberger, Arnold C, 1971. "Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay," Journal of Economic Literature, American Economic Association, vol. 9(3), pages 785-97, September.
  34. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
  35. Diewert, W E, 1973. "Afriat and Revealed Preference Theory," Review of Economic Studies, Wiley Blackwell, vol. 40(3), pages 419-25, July.
  36. Hill, Robert J, 2001. "Measuring Inflation and Growth Using Spanning Trees," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(1), pages 167-85, February.
  37. Feenstra, Robert C. & Ma, Hong & Rao, D. S. Prasada, 2009. "Consistent Comparisons Of Real Incomes Across Time And Space," Macroeconomic Dynamics, Cambridge University Press, vol. 13(S2), pages 169-193, September.
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Cited by:
  1. Peter Neary & Robert C. Feenstra, 2011. "Who Shrunk China?� Puzzles in the Measurement of Real GDP," Economics Series Working Papers 566, University of Oxford, Department of Economics.
  2. repec:clg:wpaper:2012-05 is not listed on IDEAS

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