Combining micro and macro data in hedonic price indexes
Esmeralda A. Ramalho,
Joaquim Ramalho () and
Additional contact information
Esmeralda A. Ramalho: Universidade de Évora
Rui Evangelista: Statistics Portugal
Statistical Methods & Applications, 2017, vol. 26, issue 2, 317-332
Abstract This paper proposes arithmetic and geometric Paasche quality-adjusted price indexes that combine micro data from the base period with macro data on the averages of asset prices and characteristics at the index period. The suggested indexes have two types of advantages relative to traditional Paasche indexes: (i) simplification and cost reduction of data acquisition and manipulation; and (ii) potentially greater efficiency and robustness to sampling problems. A Monte Carlo simulation study and an empirical application concerning the housing market illustrate some of those advantages.
Keywords: Paasche price index; Imputation hedonic method; Quality adjustment (search for similar items in EconPapers)
JEL-codes: C43 E31 R31 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10260-016-0367-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:stmapp:v:26:y:2017:i:2:d:10.1007_s10260-016-0367-6
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10260/PS2
Access Statistics for this article
Statistical Methods & Applications is currently edited by Tommaso Proietti
More articles in Statistical Methods & Applications from Springer, Società Italiana di Statistica
Bibliographic data for series maintained by Sonal Shukla ().