The Index-number Problem and Its Solution

Gerhard Stuvel

Macmillan, 1989 - Business & Economics - 118 pages

Index numbers of price and quantity play an important role in the index-linking of government loans. The object of this study is to ascertain what formulae should be used in the construction of new index numbers to replace those known to produce biased measures of price and volume change.

Contents

• The Problem: 13
• The Traditional Approach: 19
• The Analytical Approach: 23
• Properties and Tests: 41
• MULTIPLE COMPARISONS: 53
• Indirect and Chain Indices ix: 57
• 36: 67
• 55: 89
• Other Transitive Indices 74: 95
• MISCELLANEOUS NOTES: 97
• Irving Fishers Search for the Ideal Index Number: 99
• Banerjees Factorial Index Numbers: 102
• The Comparative Proportionality Test: 104
• Von Bortkiewicz Formulae: 107
• The Relation between P and PF: 109
• Notes and References Bibliography Index: 112

Bibliographic information

• Title: The Index-number Problem and Its Solution
• Author: Gerhard Stuvel
• Publisher: Macmillan, 1989
• Original from: the University of California
• Digitized: Jul 10, 2010
• ISBN: 0333491130, 9780333491133
• Length: 118 pages
• Subjects: Business & Economics / Economics / General