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Index Numbers in Economic Theory and Practice

R. G. D. Allen
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A01=R. G. D. Allen
advanced index number construction
Appendix Tables B2
Author_R. G. D. Allen
base
Category=KCH
Chain Index
consumption
economic measurement
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Factor Cost
Ft Index
Gdp Estimate
income inequality metrics
Index Numbers
Index Runs
international price comparison
laspeyres
Laspeyres Index
Laspeyres Paasche
Laspeyres Price Index
macroeconomic analysis
NA NA NA
NA NA NA NA NA
Net Output
paasche
Paasche Index
Paasche Price Index
Pensioner Households
price
Price Index
Quality Adjusted Price Index
quantity
Quantity Index
real
Real Consumption
Real Gdp
Real GNP
reference
Reference Base
retail
Retail Price Index
run
sampling techniques economics
statistical methodology
Utility Level U0

Product details

  • ISBN 9780202362540
  • Weight: 530g
  • Dimensions: 152 x 229mm
  • Publication Date: 30 Aug 2008
  • Publisher: Taylor & Francis Inc
  • Publication City/Country: US
  • Product Form: Paperback
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Description

There is no book currently available that gives a comprehensive treatment of the design, construction, and use of index numbers. However, there is a pressing need for one in view of the increasing and more sophisticated employment of index numbers in the whole range of applied economics and specifically in discussions of macroeconomic policy. In this book, R. G. D. Allen meets this need in simple and consistent terms and with comprehensive coverage.

The text begins with an elementary survey of the index-number problem before turning to more detailed treatments of the theory and practice of index numbers. The binary case in which one time period is compared with another is first developed and illustrated with numerous examples. This is to prepare the ground for the central part of the text on runs of index numbers. Particular attention is paid both to fixed-weighted and to chain forms as used in a wide range of published index numbers taken mainly from British official sources.

This work deals with some further problems in the construction of index numbers, problems which are both troublesome and largely unresolved. These include the use of sampling techniques in index-number design and the theoretical and practical treatment of quality changes. It is also devoted to a number of detailed and specific applications of index-number techniques to problems ranging from national-income accounting, through the measurement of inequality of incomes and international comparisons of real incomes, to the use of index numbers of stock-market prices. Aimed primarily at students of economics, whatever their age and range of interests, this work will also be of use to those who handle index numbers professionally.
About R. G. D. Allen
R. G. D. Allen (1906-1983) was Professor Emeritus at the University of London. He was also once president of the Royal Statistical Society and Treasurer of the British Academy where he was a fellow. He is the author of Basic Mathematics, Mathematical Analysis for Economists, Mathematical Economics and Macroeconomic Theory.

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