On the Correctness of Aggregate Indexes

Yu. Vasylenko

Economy and Forecasting, 2001, issue 3, 111-122

Abstract: This article pursues the two following purposes: 1) to show, that the commonly accepted statistical indexes (Laspeyres, Paasche etc.) are only suitable for the measurement of changes in price levels or volumes and explanation of changes in the value in a very limited circle of situations, and are generally unacceptable for this purpose and 2) to try to construct the "real" indexes.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:eip:journl:y:2001:i:3:p:111-122

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