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Comment on Different Approaches to Index Number Theory

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  • Diewert, Erwin
  • Hill, Robert J.

Abstract

Van Veelen and van der Weide (2008) in a recent paper provided some interesting new perspectives on the index number problem. However, the present paper argues that their definitions of a true index and an exact index are different from the standard definitions in the literature. The differences between the various approaches is explained in the present paper.

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Bibliographic Info

Paper provided by Vancouver School of Economics in its series Economics working papers with number erwin_diewert-2009-5.

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Length: 18 pages
Date of creation: 21 Jan 2009
Date of revision: 21 Jan 2009
Handle: RePEc:ubc:bricol:erwin_diewert-2009-5

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Web page: http://www.economics.ubc.ca/

Related research

Keywords: Exact index numbers; true index numbers; multilateral indexes; the Fisher ideal index; cost of living indexes; the measurement of welfare change; dual;

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