Does deflation method matter for productivity measures?

Giorgio Garau, Patrizio Lecca and L. Schirru

Working Paper CRENoS from Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia

Abstract: In this paper, we argue against the use the double deflation method to produce an equilibrating system of account at a constant price. In fact, by relaxing such a condition, by means of the single deflation method, we obtain a measure of purchasing power transfer that can be decomposed in productivity and market distortion. Results are presented for the evolution of the Italian economy for the periods 1995-2002

Keywords: national account; prices index; total factor productivity; input output (search for similar items in EconPapers)
JEL-codes: O41 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-eff
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Persistent link: https://EconPapers.repec.org/RePEc:cns:cnscwp:200901

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