Generalized Theil-Tornqvist Indices with Applications to International Comparisons of Prices and Real Output

D.S. Prasada Rao (), Eliyathamby Selvanathan and Dirk Pilat

The Review of Economics and Statistics, 1995, vol. 77, issue 2, 352-60

Abstract: The Theil-Tornqvist index number is widely used for binary comparisons of prices, output, and productivity. This paper describes various generalizations of the Theil-Tornqvist index for purposes of multilateral spatial comparisons due to Douglas W. Caves, Laurits R. Christensen, and W. Erwin Diewert, and more recent further generalizations due to D. S. Prasada Rao and E. Anthony Selvanathan based on the 'stochastic approach' to index numbers. The applicability of the new index numbers is demonstrated using international comparison data on private consumption expenditure and manufacturing-sector output. Copyright 1995 by MIT Press.

Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://links.jstor.org/sici?sici=0034-6535%2819950 ... 0.CO%3B2-R&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
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:tpr:restat:v:77:y:1995:i:2:p:352-60

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=0034-6535

Access Statistics for this article

The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

More articles in The Review of Economics and Statistics from MIT Press
Bibliographic data for series maintained by The MIT Press ().