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Computing Additive Chained Volume Measures of GDP Subaggregates

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  • Dumagan, Jesus C.

Abstract

This paper derives formulas for additive "chained volume measures" (CVMs) of GDP subaggregates depending on the underlying GDP quantity index. In turn, this paper explains why the formulas used in current practice yield nonadditive CVMs. This paper's additive formulas have significant practical implications given that nonadditivity prevails in all countries that have adopted the CVM framework for GDP and considering that more countries will be adopting this framework.

Suggested Citation

  • Dumagan, Jesus C., 2010. "Computing Additive Chained Volume Measures of GDP Subaggregates," Discussion Papers DP 2010-16, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2010-16
    DOI: https://doi.org/10.62986/dp2010.16
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/computing-additive-chained-volume-measures-of-gdp-subaggregates
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    Cited by:

    1. Dumagan, Jesus C., 2011. "Deriving Weights for Additivity of Chained Volume Measures in the National Accounts," Discussion Papers DP 2011-08, Philippine Institute for Development Studies.
    2. Dumagan, Jesus C., 2011. "Implementing Weights for Additivity of Chained Volume Measures in the National Accounts," Discussion Papers DP 2011-09, Philippine Institute for Development Studies.

    More about this item

    Keywords

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    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

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