A Restricted-Domain Multilateral Test Approach to the Theory of International Comparisons

Keir Armstrong

Carleton Economic Papers from Carleton University, Department of Economics

Abstract: This paper develops a novel multilateral test approach to the problem of international comparisons. Many of the associated tests are justified as "reasonable" using the fact that they are direct analogues to properties of the cost-of-living index. Further support is bestowed upon the new approach by showing that it is equivalent to an extended version of Diewert's (1986) multilateral test approach. Finally, a number of alternative multilateral comparison formulae are evaluated and the relative superiority or two of them is established.

Keywords: index numbers; tests approaches to index number theory; multilateral comparisons; purchasing power parities (search for similar items in EconPapers)
JEL-codes: C43 C81 E31 F31 F43 O18 O57 (search for similar items in EconPapers)
Pages: 54 pages
Date: 1996-07
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Journal Article: A Restricted-Domain Multilateral Test Approach To The Theory Of International Comparisons (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:car:carecp:96-03

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