Economic Analysis of Production Price Indexes

Economic Analysis of Production Price Indexes

by Franklin M. Fisher, Karl Shell
     
 

View All Available Formats & Editions

This is a book on the theory behind the construction of production index numbers. Well-known examples of such indexes are the Gross Domestic Product, the Producer Price Index, and labor productivity. Fisher and Shell provide the analysis behind this class of index numbers. They treat separately the different production units and different forms of industrial

…  See more details below

Overview

This is a book on the theory behind the construction of production index numbers. Well-known examples of such indexes are the Gross Domestic Product, the Producer Price Index, and labor productivity. Fisher and Shell provide the analysis behind this class of index numbers. They treat separately the different production units and different forms of industrial organization. They show the direction of bias in traditionally calculated index numbers and how biases can affect fundamental conclusions about the growth or stagnation of the economy.

Editorial Reviews

From the Publisher
"...this is the first study to discuss output and input price indexes with particular attention to the market setting in which such indexes are embedded. Thus, this effort by Fisher and Shell occupies a unique position in the index number literature." Daniel Primont, Southern Economic Journal

Product Details

ISBN-13:
9780521556231
Publisher:
Cambridge University Press
Publication date:
05/28/2014
Edition description:
New Edition
Pages:
240
Product dimensions:
5.98(w) x 8.98(h) x 0.59(d)

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >