Microeconomic Approaches to the Theory of International Comparisons / W. Erwin Diewert.

Format:

Book

Author/Creator:

Diewert, W. Erwin.

Contributor:

National Bureau of Economic Research.

Series:

Technical Working Paper Series (National Bureau of Economic Research) no. t0053.

NBER technical working paper series no. t0053

Language:

English

Subjects (All):

Comparative economics.

Input-output analysis.

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1985.

Cambridge, Mass. : National Bureau of Economic Research, 1985.

Summary:

The paper considers alternative approaches to providing consistent multilateral indexes of real output, real input, real consumption or productivity across many regions, countries or industries at one point in time. The recommended approaches are based on aggregating up various bilateral indexes which in turn are based on the economic theory of index numbers, either in the producer or consumer theory context. In order to distinguish between various competing multilateral approaches, an axiomatic or test approach to multilateral comparisons is developed. This test approach indicates that the Geary-Khamis and Van Yzeren approaches to multilateral output comparisons are dominated by the (new) own share and the Elteto-Koves-Szulc methods.

Notes:

Print version record

December 1985.