Additivity of Deflated Input-Output Tables in National Accounts
Input-output tables deflated by chained prices indices are not additive over product rows. This paper discusses the reasons and suggests a remedy. The new method proposed is based on a distinction, in concept, between 'real value', on the one hand, and variation in 'volume', on the other. The first corrects for the monetary variation of the unit of account resulting from inflation, while the latter isolates the variation of one product price relative to the other products, caused by the forces of supply and demand on each individual commodity market. An example of the resulting growth analysis is compiled for the Dutch economy between years 1990 and 2000.
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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 20 (2008)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CESR20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CESR20|
When requesting a correction, please mention this item's handle: RePEc:taf:ecsysr:v:20:y:2008:i:4:p:415-428. 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: (Michael McNulty)
If references are entirely missing, you can add them using this form.