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Ajustes de calidad en los precios: métodos hedónicos y consecuencias para la Contabilidad Nacional

Author

Listed:
  • Olympia Bover
  • Mario Izquierdo

Abstract

Rapid technological progress in recent years has exacerbated the problems that arise in measuring price changes and, consequently, economic magnitudes at constant prices when changes in the quality of products occur. A natural means of tackling these measurement problems is to use hedonic price indices. This survey focuses on the use of hedonic methodology and its implications for the construction of deflators for significant National Accounts aggregates. It thus describes what hedonic methodology involves and analyses the various hedonic studies existing in the literature and the use made of hedonic methodology by different public statistics offices in the computers and related equipment, cars, and housing sectors. Finally, the implications of the use of these hedonic techniques for the estimation in real terms of macroeconomic magnitudes are reviewed.
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Suggested Citation

  • Olympia Bover & Mario Izquierdo, 2001. "Ajustes de calidad en los precios: métodos hedónicos y consecuencias para la Contabilidad Nacional," Estudios Económicos, Banco de España;Estudios Económicos Homepage, number 70, June.
  • Handle: RePEc:bde:esteco:70
    Note: 59 pages - Publicada una edición en inglés con el mismo número
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    More about this item

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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