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Homogenity of the Monetary Estimations of the Production

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  • Vassil Todorov
  • Nikolay Igov

Abstract

This study is an introduction to the problem of the homogeneity of the monetary (value) estimations of the production. Discussed are the questions connected with the participation of the money and the prices in the measuring of the value volume of the production. The homogeneity of the monetary estimations is defined as comparability between the monetary estimations (the value) of different products (goods and services) examined during the same period of time. Introduced is the term “static comparison of the value volumes”. Made is comparative analysis between the comparability of the static volumes in dynamic and static aspect. In dynamic aspect compared is the value of certain product in different periods: the differences are a result of the change of the prices and inflation between the two periods and are determined through the use of different prices and deflators. In static aspect the value of a product is compared with the value of other products during the same period of time. Studied is the question in what conditions is the value of a product comparable to the value of another product during the same period of time and when are these conditions present.

Suggested Citation

  • Vassil Todorov & Nikolay Igov, 2000. "Homogenity of the Monetary Estimations of the Production," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 32-53.
    • Handle: RePEc:bas:econst:y:2000:i:2:p:32-53
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