What Impact does the Choice of Formula have on International Comparisons?
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.
(This abstract was borrowed from another version of this item.)
|Date of creation:||Mar 1997|
|Date of revision:||Aug 2001|
|Publication status:||Published: – revised version in Canadian Journal of Economics, Vol. 34, No. 3 (August 2001), pp. 697–718|
|Contact details of provider:|| Postal: C870 Loeb Building, 1125 Colonel By Drive, Ottawa Ontario, K1S 5B6 Canada|
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