Small-change Computations of Price and Quantity Indices

Mark Horridge

Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre

Abstract: This document compares several methods of computing price and quantity indices, with special reference to the small-change computations used by GEMPACK. It also discusses the problem of 'path-dependence' that might arise when using change equations which have no corresponding levels form. Accompanying worked examples, using Excel and GEMPACK, can be downloaded from item TPMH0049 in the CoPS archive .

Keywords: Price Index; Quantity Index; Divisia; Path Dependence (search for similar items in EconPapers)
JEL-codes: C43 E31 O47 (search for similar items in EconPapers)
Date: 2003-10
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