Testing the Product Test

H. Brea, Emili Grifell-Tatje and C. Lovell
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H. Brea: CEPA - School of Economics, The University of Queensland

No WP072010, CEPA Working Papers Series from University of Queensland, School of Economics

Abstract: The product test asks the product of a quantity index number and a price index number to equal the corresponding value change. The literature treats the product test as being so important that it is used to identify acceptable index number pairs, and to construct implicit index numbers when an otherwise desirable pair fails the test. We treat the product test as a hypothesis to be tested, and we provide an empirical application.

Date: 2010-11
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https://economics.uq.edu.au/files/5238/WP072010.pdf (application/pdf)

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Journal Article: Testing the product test (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uqcepa:53

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