CORRECTLY MEASURING REAL VALUE ADDED

Shirley Cassing

Review of Income and Wealth, 1996, vol. 42, issue 2, 195-206

Abstract: This paper examines issues involved in calculating a value added index in order to measure real value added at the industry level. Three methods of calculating real value added are considered; the Laspeyres double‐deflation method recommended by the United Nations System of Nation Accounts, the commonly used single‐deflation method, and the double‐deflation Divisia method. Actual data are employed to clarify and illustrate the issues involved, and the paper concludes with a recommendation for an appropriate index to use when calculating industry real value added.

Date: 1996
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https://doi.org/10.1111/j.1475-4991.1996.tb00166.x

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