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Introduction to Measurement with Theory

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  • Barnett, William A.
  • Diewert, W. Erwin
  • Zellner, Arnold

Abstract

This working paper is the first draft of an overview and commentary on the papers to appear in a Macroeconomic Dynamics Special Issue on Measurement with Theory. The included papers in the special issue are part of a larger initiative to promote "measurement with theory" in economics and planned to appear as special issues of other journals. A later revised draft of this initial commentary is planned to appear as the introduction to the Macroeconomic Dynamics special issue, expected to appear in 2010.

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File URL: http://mpra.ub.uni-muenchen.de/14868/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 14868.

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Date of creation: 25 Apr 2009
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Handle: RePEc:pra:mprapa:14868

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

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References

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  1. William A. Barnett & Milka Kirova & Meenakshi Pasupathy, 1994. "Estimating policy-invariant deep parameters in the financial sector when risk and growth matter," Proceedings, Federal Reserve Bank of Cleveland, pages 1402-1440.
  2. Barnett, William A. & Chauvet, Marcelle & Tierney, Heather L. R., 2007. "Measurement Error in Monetary Aggregates: A Markov Switching Factor Approach," MPRA Paper 5770, University Library of Munich, Germany.
  3. 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, Elsevier, vol. 43(1-2), pages 5-34.
  4. 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.
  5. Barnett, William A. & Serletis, Apostolos, 2008. "Consumer preferences and demand systems," Journal of Econometrics, Elsevier, Elsevier, vol. 147(2), pages 210-224, December.
  6. Diewert, W E, 1973. "Afriat and Revealed Preference Theory," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 40(3), pages 419-25, July.
  7. 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.
  8. Barnett, William A. & de Peretti, Philippe, 2009. "Admissible Clustering Of Aggregator Components: A Necessary And Sufficient Stochastic Seminonparametric Test For Weak Separability," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 13(S2), pages 317-334, September.
  9. 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.
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  15. Hill, Robert J. & Hill, T. Peter, 2009. "Recent Developments In The International Comparison Of Prices And Real Output," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 13(S2), pages 194-217, September.
  16. 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.
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  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, Royal Economic Society, vol. 92(365), pages 73-86, March.
  21. Feenstra, Robert C. & Ma, Hong & Rao, D. S. Prasada, 2009. "Consistent Comparisons Of Real Incomes Across Time And Space," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 13(S2), pages 169-193, September.
  22. Diewert, W. Erwin & Mizobuchi, Hideyuki, 2009. "Exact And Superlative Price And Quantity Indicators," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 13(S2), pages 335-380, September.
  23. Inklaar, Robert & Timmer, Marcel P., 2009. "Productivity Convergence Across Industries And Countries: The Importance Of Theory-Based Measurement," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 13(S2), pages 218-240, September.
  24. 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.
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  26. 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.
  27. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, Elsevier, vol. 4(2), pages 115-145, May.
  28. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
  29. Diewert, W E, 1992. "The Measurement of Productivity," Bulletin of Economic Research, Wiley Blackwell, vol. 44(3), pages 163-98, July.
  30. Barnett, William A & Hahm, Jeong Ho, 1994. "Financial-Firm Production of Monetary Services: A Generalized Symmetric Barnett Variable-Profit-Function Approach," Journal of Business & Economic Statistics, American Statistical Association, American Statistical Association, vol. 12(1), pages 33-46, January.
  31. 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, Cambridge University Press, vol. 13(S2), pages 268-316, September.
  32. Varian, Hal R, 1983. "Non-Parametric Tests of Consumer Behaviour," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 50(1), pages 99-110, January.
  33. Barnett, William A & Choi, Seungmook, 1989. "A Monte Carlo Study of Tests of Blockwise Weak Separability," Journal of Business & Economic Statistics, American Statistical Association, American Statistical Association, vol. 7(3), pages 363-77, July.
  34. W. Erwin Diewert, 1996. "Axiomatic and Economic Approaches to International Comparisons," NBER Working Papers 5559, National Bureau of Economic Research, Inc.
  35. Diewert, W E, 1992. "Exact and Superlative Welfare Change Indicators," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 30(4), pages 562-82, October.
  36. Blackorby, Charles & Primont, Daniel & Russell, R. Robert, 1977. "On testing separability restrictions with flexible functional forms," Journal of Econometrics, Elsevier, Elsevier, vol. 5(2), pages 195-209, March.
  37. 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.
  38. Weitzman, Martin L, 1988. "Consumer's Surplus as an Exact Approximation When Prices Are Appropriately Deflated," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 103(3), pages 543-53, August.
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Cited by:
  1. Robert C. Feenstra & Hong Ma & J. Peter Neary & D.S. Prasada Rao, 2013. "Who Shrunk China? Puzzles in the Measurement of Real GDP," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 123(12), pages 1100-1129, December.
  2. repec:clg:wpaper:2012-05 is not listed on IDEAS
  3. Hjertstrand, Per, 2013. "A Simple Method to Account for Measurement Errors in Revealed Preference Tests," Working Paper Series, Research Institute of Industrial Economics 990, Research Institute of Industrial Economics.
  4. repec:clg:wpaper:2011-03 is not listed on IDEAS

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