IDEAS home Printed from https://ideas.repec.org/p/ubc/bricol/erwin_diewert-2011-24.html
   My bibliography  Save this paper

Methods of Aggregation above the Basic Heading Level within Regions

Author

Listed:
  • Diewert, Erwin

Abstract

The paper explains part of the methodology that was used in the 2005 International Comparison Program (ICP) that compared the relative price levels and GDP levels across 146 countries and 5 regions. This paper looks at the methodology which was used in order to calculate relative volumes and Purchasing Power Parities (PPPs) within each region. In previous rounds of the ICP, only two multilateral methods were used: the Gini Eltetö Köves Szulc (GEKS) method and the Geary Khamis (GK) method, which is an additive method. The axiomatic and economic properties of these methods and a relatively new additive method, the Iklé Dikhanov Balk (IDB) method used by the African region, are studied. A fourth method, the Minimum Spanning Tree method, due to Robert Hill is also studied.

Suggested Citation

  • Diewert, Erwin, 2011. "Methods of Aggregation above the Basic Heading Level within Regions," Economics working papers erwin_diewert-2011-24, Vancouver School of Economics, revised 23 Sep 2011.
  • Handle: RePEc:ubc:bricol:erwin_diewert-2011-24
    as

    Download full text from publisher

    File URL: http://faculty.arts.ubc.ca/ediewert/dp1105.pdf
    Download Restriction: no

    More about this item

    Keywords

    Index numbers; multilateral comparison methods; GEKS; Geary-Khamis; Iklé-Dikhanov-Balk; Purchasing Power Parities (PPPs); spatial chaining; Fisher id;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    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:ubc:bricol:erwin_diewert-2011-24. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maureen Chin). General contact details of provider: http://www.economics.ubc.ca/ .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.