Economic Analysis of Production Price Indexes - Hardcover

Fisher, Franklin M.; Shell, Karl

Hardcover

ISBN 10: 0521554160 ISBN 13: 9780521554169

Publisher: Cambridge University Press, 1997

Synopsis

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.

About this title

Review

"...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

Edition details

• Publisher: Cambridge University Press
• Publication date: 1997
• Language: English
• ISBN 10: 0521554160
• ISBN 13: 9780521554169
• Binding: Hardcover
• Number of pages: 240