IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Constructing Price Indexes across Space and Time: The Case of the European Union

Listed author(s):
  • Robert J. Hill

This paper considers the problem of how to construct and reconcile price indexes across space and time. A general taxonomy of panel price index methods, containing four broad classes, is proposed, along with five criteria for discriminating between them. Methods from each of the four classes are then used to compute spatial and temporal price indexes for the 15 countries of the European Union (EU) over the period 1995–2000. Using these panel price indexes, I test whether or not price levels and relative prices converged across the EU over this period.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.aeaweb.org/articles.php?doi=10.1257/0002828043052178
Download Restriction: no

File URL: http://www.aeaweb.org/aer/data/dec04_data_hill.zip
Download Restriction: Access to full text is restricted to AEA members and institutional subscribers.

Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 94 (2004)
Issue (Month): 5 (December)
Pages: 1379-1410

as
in new window

Handle: RePEc:aea:aecrev:v:94:y:2004:i:5:p:1379-1410
Note: DOI: 10.1257/0002828043052178
Contact details of provider: Web page: https://www.aeaweb.org/aer/
Email:


More information through EDIRC

Order Information: Web: https://www.aeaweb.org/subscribe.html

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as
in new window


  1. repec:dgr:rugggd:199410 is not listed on IDEAS
  2. Fremdling Rainer, 2003. "European Railways 1825-2001, an Overview," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 44(1), pages 209-221, June.
  3. Fremdling Rainer, 1997. "Industrial Revolution and Scientific and Technological Progress," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 38(2), pages 147-168, December.
  4. Mulder, N., 1995. "Transport and Communications Output and Productivity in Brazil and the USA, 1950-90," Papers 580, Groningen State, Institute of Economic Research-.
  5. Mulder, N., 1994. "Output and Productivity in Brazilian Distribution: A Comparative View," Papers 578, Groningen State, Institute of Economic Research-.
  6. repec:dgr:rugggd:199413 is not listed on IDEAS
  7. Beintema, N. & van Ark, B., 1993. "Comparative Productivity in East and Wst German Manufacturing before Reunification," Papers 550, Groningen State, Institute of Economic Research-.
  8. Fremdling, Rainer, 2002. "Foreign trade-transfer-adaptation: the British iron making technology on the continent (Belgium and France)," GGDC Research Memorandum 200255, Groningen Growth and Development Centre, University of Groningen.
  9. Gersbach, Hans & Ark, Bart van, 1994. "Micro Foundations for International Productivity Comparisons," GGDC Research Memorandum 199411, Groningen Growth and Development Centre, University of Groningen.
  10. Fremdling, Rainer, 1995. "Anglo-German Rivalry on Coal Markets in France, the Netherlands and Germany, 1850-1913," GGDC Research Memorandum 199521, Groningen Growth and Development Centre, University of Groningen.
  11. Mulder, N., 1994. "Transport and Communication in Mexico and the United States: Value Added , Purchasing Power Parities and Productivity," Papers 579, Groningen State, Institute of Economic Research-.
  12. Jong, Herman de & Albers, Ronald, 1994. "Industrial output and labour productivity in the Netherlands, 1913-1929 : some neglected issues," GGDC Research Memorandum 199413, Groningen Growth and Development Centre, University of Groningen.
  13. repec:dgr:rugggd:199305 is not listed on IDEAS
  14. repec:dgr:rugggd:199301 is not listed on IDEAS
  15. Bhagwati, Jagdish N, 1984. "Why Are Services Cheaper in the Poor Countries?," Economic Journal, Royal Economic Society, vol. 94(374), pages 279-286, June.
  16. Ark, Bart van & Kouwenhoven, Remco D.J., 1994. "Productivity in French manufacturing : an international comparative perspective," GGDC Research Memorandum 199410, Groningen Growth and Development Centre, University of Groningen.
  17. Gales, Ben, 1994. "In Foreign Parts: Free-Standing Companies in the Netherlands around the First World War," GGDC Research Memorandum 199416, Groningen Growth and Development Centre, University of Groningen.
  18. repec:dgr:rugggd:199417 is not listed on IDEAS
  19. 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.
  20. repec:dgr:rugggd:199411 is not listed on IDEAS
  21. repec:dgr:rugggd:199415 is not listed on IDEAS
  22. Van Ooststroom,, H. & Maddison, A., 1993. "The International Comparison of Value Added, Productivity and Purchasing Power Parities in Agriculture," Papers 536, Groningen State, Institute of Economic Research-.
  23. Mulder, Nanno, 1995. "Transport and Communications Output and Productivity in Brazil and the USA, 1950-1990," GGDC Research Memorandum 199519, Groningen Growth and Development Centre, University of Groningen.
  24. Van Ark, B. & Kouwenhoven, R.D.J., 1994. "Productvity in French Manufacturing: An International Comparative Perspective," Papers 571, Groningen State, Institute of Economic Research-.
  25. de Jong, H. & Albers, R., 1994. "Industrial Output and Labor Productivity in the Netherlands, 1913-1929: Some Neglected Issues," Papers 574, Groningen State, Institute of Economic Research-.
  26. repec:dgr:rugggd:199416 is not listed on IDEAS
  27. Allen, Robert C & Diewert, W Erwin, 1981. "Direct versus Implicit Superlative Index Number Formulae," The Review of Economics and Statistics, MIT Press, vol. 63(3), pages 430-435, August.
  28. Albers, Ronald & Clemens, Adrian & Groote, Peter, 1994. "Can growth theory contribute to our understanding of nineteenth century economic dynamics?," GGDC Research Memorandum 199412, Groningen Growth and Development Centre, University of Groningen.
  29. repec:dgr:rugggd:199412 is not listed on IDEAS
  30. repec:dgr:rugggd:199519 is not listed on IDEAS
  31. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
  32. Balk, B.M., 2001. "Aggregation Methods in International Comparisons," ERIM Report Series Research in Management ERS-2001-41-MKT, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
  33. Maddison, Angus, 1994. "Economic Growth and Standards of Living in the Twentieth Century," GGDC Research Memorandum 199415, Groningen Growth and Development Centre, University of Groningen.
  34. Maddison, Angus & Ark, Bart van, 1994. "The international comparison of real product and productivity," GGDC Research Memorandum 199406, Groningen Growth and Development Centre, University of Groningen.
  35. repec:dgr:rugggd:199406 is not listed on IDEAS
  36. Mulder, N., 1994. "New Perspectives on Service Output and Productivity: A Comparison of French and US Productivity in Transport, Communications, Wholesale and Retail T rade," Papers 575, Groningen State, Institute of Economic Research-.
  37. Beintema, N. & van Ark, B., 1993. "Comparative Productivity in East and Wst German Manufacturing before Reunification," Papers 550, Groningen State, Institute of Economic Research-.
  38. Mulder, Nanno, 1994. "Output and Productivity in Brazilian Distribution: A Comparative View," GGDC Research Memorandum 199417, Groningen Growth and Development Centre, University of Groningen.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:aea:aecrev:v:94:y:2004:i:5:p:1379-1410. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros)

or (Michael P. Albert)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.