Introduction of chain volume measures in the Australian national accounts: information paper
Australian Bureau of Statistics, 1998 - Business & Economics - 67 pages
Describes what chain volume and price indexes are, their advantages and disadvantages with respect of fixed-weight indexes, and how and when they are to be implemented in the Australian national accounts and associated statistics.
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0.1 percentage 0.5 percentage points aggregates annual chain annually-reweighted Australian National Accounts average annual change calculated capital expenditure Private chain Fisher index chain index chain Laspeyres index chain Laspeyres volume chain volume indexes chain volume measures Compound average annual Constant price Constant constant price estimates consumption expenditure Private direct Laspeyres Domestic ﬁnal demand DOMESTIC PRODUCT EXPENDITURE economic estate transfer expenses expenditure Private Dwellings Exports Final consumption expenditure ﬁrst ﬁxed capital expenditure ﬁxed-weighted indexes ﬂuctuations GDP(E govemment GROSS DOMESTIC PRODUCT Gross ﬁxed capital Gross national expenditure Increase in stocks index index index Laspeyres and Paasche Laspeyres volume indexes Laspeyres volume measures MAJOR COMPONENTS million Final consumption Multifactor Productivity Non-dwelling construction Paasche indexes period price Constant price price indexes prices and quantities Public marketing authorities Public Public enterprises quarter 1998 issue Real estate transfer relative prices reweighting signiﬁcant stocks Private non-farm substitution effect superlative index year-to-year