IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2102.10528.html
   My bibliography  Save this paper

A Novel Multi-Period and Multilateral Price Index

Author

Listed:
  • Consuelo Rubina Nava
  • Maria Grazia Zoia

Abstract

A novel approach to price indices, leading to an innovative solution in both a multi-period or a multilateral framework, is presented. The index turns out to be the generalized least squares solution of a regression model linking values and quantities of the commodities. The index reference basket, which is the union of the intersections of the baskets of all country/period taken in pair, has a coverage broader than extant indices. The properties of the index are investigated and updating formulas established. Applications to both real and simulated data provide evidence of the better index performance in comparison with extant alternatives.

Suggested Citation

  • Consuelo Rubina Nava & Maria Grazia Zoia, 2021. "A Novel Multi-Period and Multilateral Price Index," Papers 2102.10528, arXiv.org.
    • Handle: RePEc:arx:papers:2102.10528
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2102.10528
    File Function: Latest version
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2102.10528. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.