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Multidimensional Output Indices

Author

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  • Craig, Barbara J.
  • Pardey, Philip G.

Abstract

This abstract describes alternative output aggregates that provide both cross-sectional and temporal comparisons appropriate for the analysis of panel data sets. Several of these multidimensional output indices are constructed using detailed data on agricultural production to illustrate the effects of fixing price weights over time, employing sample average price weights, and choosing between alternative approximations of Divisia indices.

Suggested Citation

  • Craig, Barbara J. & Pardey, Philip G., 1990. "Multidimensional Output Indices," Staff Papers 13828, University of Minnesota, Department of Applied Economics.
  • Handle: RePEc:ags:umaesp:13828
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    File URL: http://purl.umn.edu/13828
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    References listed on IDEAS

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    1. Hulten, Charles R, 1973. "Divisia Index Numbers," Econometrica, Econometric Society, vol. 41(6), pages 1017-1025, November.
    2. Jorgenson, Dale W & Griliches, Zvi, 1971. "Divisia Index Numbers and Productivity Measurement," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 17(2), pages 227-229, June.
    3. Pardey, Philip G & Roseboom, Johannes & Craig, Barbara J, 1992. "A Yardstick for International Comparisons: An Application to National Agricultural Research Expenditures," Economic Development and Cultural Change, University of Chicago Press, vol. 40(2), pages 333-349, January.
    4. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers," Economic Journal, Royal Economic Society, vol. 92(365), pages 73-86, March.
    5. Drechsler, Laszlo, 1973. "Weighting of Index Numbers in Multilateral International Comparisons," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 19(1), pages 17-34, March.
    6. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
    7. Diewert, W Erwin, 1978. "Superlative Index Numbers and Consistency in Aggregation," Econometrica, Econometric Society, vol. 46(4), pages 883-900, July.
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    Keywords

    Research Methods/ Statistical Methods;

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