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What impact does the choice of formula have on international comparisons?

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  • Keir G. Armstrong

Abstract

In this paper an empirical comparison of a number of alternative multilateral index‐number formulae is undertaken. The magnitude of the effect of choosing one formula over another is ascertained using an appropriate cross‐sectional data set constructed under the auspices of the Eurostat‐OECD Purchasing Power Parity Programme. To this end, a new indicator is proposed that facilitates the measurement of the difference between two sets of bloc consumption shares, each computed using a different multilateral comparison method. JEL Classification: C31, C43, C81, E31, F31, O57 Quel impact est‐ce que le choix des formules a sur les comparaisons internationales? Ce mémoire propose une comparaison empirique d'un certain nombre de formules de nombres‐indices multilatéraux. On tente de jauger la magnitude de l'impact du choix d'une formule plutôt qu'une autre en utilisant une base de données transversales appropriée construite sous l'égide du Programme de parité du pouvoir d'achat Eurostat‐OCDE. On propose un nouvel indicateur qui facilite la mesure de la différence entre deux ensembles de patterns de consommation, chacun calculéà l'aide d'une méthode de comparaison multilatérale différente.

Suggested Citation

  • Keir G. Armstrong, 2001. "What impact does the choice of formula have on international comparisons?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 34(3), pages 697-718, August.
    • Handle: RePEc:wly:canjec:v:34:y:2001:i:3:p:697-718
    DOI: 10.1111/0008-4085.00095
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    Cited by:

    1. Maharaj, Elizabeth Ann & D’Urso, Pierpaolo, 2010. "A coherence-based approach for the pattern recognition of time series," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(17), pages 3516-3537.
    2. Miśkiewicz, Janusz & Ausloos, Marcel, 2008. "Correlation measure to detect time series distances, whence economy globalization," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(26), pages 6584-6594.
    3. Miśkiewicz, Janusz, 2008. "Globalization — Entropy unification through the Theil index," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(26), pages 6595-6604.

    More about this item

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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