Kalite Artislari ve Enflasyon : Turkiye Ornegi
In this study, average quality growth and upward inflation bias are estimated for a set of 51 goods by using six waves of TURKSTAT Household Budget Surveys from 2003 to 2008 and consumer prices in Turkey. Using instrumental variables approach suggested by Bils and Klenow (2001), the annual average quality growth for these items over this period is estimated to be 3.88 percent, of which 2.03 percentage points have shown up as in consumer price inflation.
Volume (Year): 11 (2011)
Issue (Month): 1 ()
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References listed on IDEAS
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- Yavuz Arslan & Evren CeritoÄŸlu, 2013.
"Quality Growth Versus Inflation in Turkey,"
Emerging Markets Finance and Trade,
Taylor & Francis Journals, vol. 49(2), pages 31-43, March.
- Yavuz Arslan & Evren Ceritoğlu, 2013. "Quality Growth Versus Inflation in Turkey," Emerging Markets Finance and Trade, M.E. Sharpe, Inc., vol. 49(2), pages 31-43, March.
- Yavuz Arslan & Evren Ceritoglu, 2011. "Quality Growth versus Inflation in Turkey," Working Papers 1121, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Brent R. Moulton & Karin E. Moses, 1997. "Addressing the Quality Change Issue in the Consumer Price Index," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(1), pages 305-366.
- Filho, Irineu de Carvalho & Chamon, Marcos, 2012. "The myth of post-reform income stagnation: Evidence from Brazil and Mexico," Journal of Development Economics, Elsevier, vol. 97(2), pages 368-386.
- Irineu E de Carvalho Filho & Marcos d Chamon, 2008. "The Myth of Post-Reform Income Stagnation; Evidence from Brazil and Mexico," IMF Working Papers 08/197, International Monetary Fund.
- de Carvalho Filho, Irineu & Chamon, Marcos, 2011. "The myth of post-reform income stagnation: Evidence from Brazil and Mexico," MPRA Paper 28532, University Library of Munich, Germany.
- Mark Bils & Peter J. Klenow, 2001. "Quantifying Quality Growth," American Economic Review, American Economic Association, vol. 91(4), pages 1006-1030, September.
- Mark Bils & Peter J. Klenow, 2000. "Quantifying Quality Growth," NBER Working Papers 7695, National Bureau of Economic Research, Inc.
- Mehmet Yörükoglu, 2010. "Difficulties in inflation measurement and monetary policy in emerging market economies," BIS Papers chapters,in: Bank for International Settlements (ed.), Measurement of inflation and the Philippine monetary policy framework, volume 49, pages 369-389 Bank for International Settlements.
- Jerry Hausman, 2003. "Sources of Bias and Solutions to Bias in the Consumer Price Index," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 23-44, Winter.
- Fethi Ogunc, 2009. "Dayanikli Tuketim Mali Fiyat Dinamikleri," Working Papers 0908, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Bruce W. Hamilton, 2001. "Using Engel's Law to Estimate CPI Bias," American Economic Review, American Economic Association, vol. 91(3), pages 619-630, June. Full references (including those not matched with items on IDEAS)
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