Construction of Index Numbers: A Review

E. A. Selvanathan and D.S. Prasada Rao ()
Additional contact information
E. A. Selvanathan: Griffith University

Chapter Chapter 2 in Index Numbers, 1994, pp 11-46 from Palgrave Macmillan

Abstract: Abstract The problem of index number construction has attracted considerable interest throughout this century. Many eminent statisticians and economists had worked on the problem and put forward a number of formulae for their measurement. Approaches to the index number construction generally vary depending upon the particular variable of interest. For example, an approach to the construction of consumer price index would be different from that used in the construction of price index number for gross domestic product. In this chapter we focus on the construction of consumer price index numbers which provide a direct measure of purchasing power of currency and its movement over time (generally known as temporal comparisons) or price levels across different regions or countries (spatial comparisons). The principal aim of this chapter is the measurement of price changes from one period to another in a large basket of goods that enter consumption. We return to the problem of spatial comparisons in Chapter 6.

Keywords: Utility Function; Price Index; Price Relative; Current Period; Base Period (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-23594-0_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349235940

DOI: 10.1007/978-1-349-23594-0_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().