EconPapers    
Economics at your fingertips  
 

The Differential Approach to Superlative Index Number Theory

William Barnett, Ki-Hong Choi and Tara Sinclair

Journal of Agricultural and Applied Economics, 2003, vol. 35, issue Supplement, 6

Abstract: Diewert’s “superlative” index numbers, defined to be exact for second-order aggregator functions, unify index number theory with aggregation theory but have been difficult to identify. We present a new approach to finding elements of this class. This new approach, related to that advocated by Henri Theil, transforms candidate index numbers into growth rate form and explores convergence rates to the Divisia index. Because the Divisia index in continuous time is exact for any aggregator function, any discrete time index number that converges to the Divisia index and that has a third-order remainder term is superlative.

Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/43279/files/BA ... UPPLEMENT%202003.pdf (application/pdf)

Related works:
Working Paper: The Differential Approach to Superlative Index Number Theory (2012) Downloads
Working Paper: The Differential Approach to Superlative Index Number Theory (2001) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:43279

DOI: 10.22004/ag.econ.43279

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2025-03-30
Handle: RePEc:ags:joaaec:43279