The Application Of Hedonic Methods In Quality Adjusted Price Indices
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The Application Of Hedonic Methods In Quality Adjusted Price Indices
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Author : Anna Król
language : en
Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Release Date : 2020-06-01
The Application Of Hedonic Methods In Quality Adjusted Price Indices written by Anna Król and has been published by Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-01 with Business & Economics categories.
The measurement of price dynamics is by no means new endeavourin the official statistics but the process of establishing accurate price changes in time still remains challenging in many areas. One such demanding field is the application of appropriate techniques in price index development for providing amendments reflecting quality differences which might occur in the compared commodities. The book presents results of research on the applicability of hedonic methods in adjusting price indices to changes in the goods quality and test the techniques used for hedonic price indices construction using the data sets for various groups of heterogeneous goods, including used automobiles, appartments, household appliances and ICT goods.
Handbook On Hedonic Indexes And Quality Adjustments In Price Indexes Special Application To Information Technology Products
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Author : Triplett Jack
language : en
Publisher: OECD Publishing
Release Date : 2006-09-21
Handbook On Hedonic Indexes And Quality Adjustments In Price Indexes Special Application To Information Technology Products written by Triplett Jack and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-09-21 with categories.
Price indexes can be constructed using a “hedonic method” that adjusts for changes in the quality of a product. This handbook sets out best practice for constructing hedonic indexes.
Big Data For Twenty First Century Economic Statistics
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Author : Katharine G. Abraham
language : en
Publisher: University of Chicago Press
Release Date : 2022-03-11
Big Data For Twenty First Century Economic Statistics written by Katharine G. Abraham and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-11 with Business & Economics categories.
The papers in this volume analyze the deployment of Big Data to solve both existing and novel challenges in economic measurement. The existing infrastructure for the production of key economic statistics relies heavily on data collected through sample surveys and periodic censuses, together with administrative records generated in connection with tax administration. The increasing difficulty of obtaining survey and census responses threatens the viability of existing data collection approaches. The growing availability of new sources of Big Data—such as scanner data on purchases, credit card transaction records, payroll information, and prices of various goods scraped from the websites of online sellers—has changed the data landscape. These new sources of data hold the promise of allowing the statistical agencies to produce more accurate, more disaggregated, and more timely economic data to meet the needs of policymakers and other data users. This volume documents progress made toward that goal and the challenges to be overcome to realize the full potential of Big Data in the production of economic statistics. It describes the deployment of Big Data to solve both existing and novel challenges in economic measurement, and it will be of interest to statistical agency staff, academic researchers, and serious users of economic statistics.
Monthly Labor Review
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Author :
language : en
Publisher:
Release Date : 2004
Monthly Labor Review written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Labor laws and legislation categories.
Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.
Hard To Measure Goods And Services
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Author : Ernst R. Berndt
language : en
Publisher: University of Chicago Press
Release Date : 2009-02-15
Hard To Measure Goods And Services written by Ernst R. Berndt and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-15 with Business & Economics categories.
The celebrated economist Zvi Griliches’s entire career can be viewed as an attempt to advance the cause of accuracy in economic measurement. His interest in the causes and consequences of technical progress led to his pathbreaking work on price hedonics, now the principal analytical technique available to account for changes in product quality. Hard-to-Measure Goods and Services, a collection of papers from an NBER conference held in Griliches’s honor, is a tribute to his many contributions to current economic thought. Here, leading scholars of economic measurement address issues in the areas of productivity, price hedonics, capital measurement, diffusion of new technologies, and output and price measurement in “hard-to-measure” sectors of the economy. Furthering Griliches’s vital work that changed the way economists think about the U.S. National Income and Product Accounts, this volume is essential for all those interested in the labor market, economic growth, production, and real output.
Consumer Price Index Manual
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Author : International Labour Office
language : en
Publisher: International Labour Organization
Release Date : 2004-08-25
Consumer Price Index Manual written by International Labour Office and has been published by International Labour Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-25 with Business & Economics categories.
The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.
Survey Of Current Business
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Author :
language : en
Publisher:
Release Date : 2005
Survey Of Current Business written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Commercial statistics categories.
The Measure Of Economies
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Author : Marshall B. Reinsdorf
language : en
Publisher: University of Chicago Press
Release Date : 2024-12-16
The Measure Of Economies written by Marshall B. Reinsdorf and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-16 with Business & Economics categories.
Innovative new approaches for improving GDP measurement to better gauge economic productivity. Official measures of gross domestic product (GDP) indicate that productivity growth has declined in the United States over the last two decades. This has led to calls for policy changes from pro-business tax reform to stronger antitrust measures. But are our twentieth-century economic methods actually measuring our twenty-first-century productivity? The Measure of Economies offers a synthesis of the state of knowledge in productivity measurement at a time when many question the accuracy and scope of GDP. With chapters authored by leading economic experts on topics such as the digital economy, health care, and the environment, it highlights the inadequacies of current practices and discusses cutting-edge alternatives. Pragmatic and forward-facing, The Measure of Economies is an essential resource not only for social scientists, but also for policymakers and business leaders seeking to understand the complexities of economic growth in a time of rapidly evolving technology.
Price Measurements And Their Uses
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Author : Murray F. Foss
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Price Measurements And Their Uses written by Murray F. Foss and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
In an economy characterized by frequent change in technology, in the types of goods and services purchased, and in the forms of business organization, keeping track of price change continues to pose many difficulties. Price change affects the way we perceive changes in such basic measures as real output, productivity, and living standards. This volume, which brings together academic economists with those responsible for official price indexes, presents outstanding new research on price measurement. Half of the papers focus on prices for mainframe and personal computers, semiconductors, and other high-tech products, using mainly hedonic techniques. The volume includes a panel discussion by distinguished economists about the theoretical and practical considerations of how best to measure price change of capital goods whose quality is changing rapidly. The authors also present new research on more conventional but still unsettled problems in the price field affecting both the consumer and producer price indexes of the Bureau of Labor Statistics.
Price Index Concepts And Measurement
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Author : W. Erwin Diewert
language : en
Publisher: University of Chicago Press
Release Date : 2010-02-15
Price Index Concepts And Measurement written by W. Erwin Diewert and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02-15 with Business & Economics categories.
Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.