Introduction to Measurement with Theory (2009)
Barnett, William A., Diewert, W. Erwin, Zellner, Arnold
This working paper is the first draft of an overview and commentary on the papers to appear in a Macroeconomic Dynamics Special Issue on Measurement with Theory. The included papers in the special...
A SUMMARY OF THE MAIN RESULTS IN SHAPIRO AND (2008)
W. Erwin Diewert, Matthew D. Shapiro, David W
review the main points made by
Editors ' Introduction to Volume (2008)
William A. Barnett, Jane Binner, W. Erwin Diewert, William A. Barnett, Jane Binner
W. Erwin Diewert, Denis Lawrence, Meyrick And Associates
In this consultancy report for the PC, Erwin Diewert and Denis Lawrence of Meyrick and Associates identify and implement improvements in practical welfare measurement beyond the conventional average...
W. Erwin Diewert, Denis Lawrence, Meyrick And Associates
In this consultancy report for the PC, Erwin Diewert and Denis Lawrence of Meyrick and Associates identify and implement improvements in practical welfare measurement beyond the conventional average...
On the subadditivity of cost functions (2003)
Cooper, Russel J, Diewert, W. Erwin, Wales, Terrence J
73 page(s)
On the subadditivity of cost functions (2003)
Cooper, Russel J, Diewert, W. Erwin, Wales, Terrence J
73 page(s)
Functional Structure and Approximation in Econometrics (book front matter)
William A. Barnett, Jane Binner, W. Erwin Diewert
This is the front matter from the book, William A. Barnett and Jane Binner (eds.), Functional Structure and Approximation in Econometrics, published in 2004 by Elsevier in its Contributions to...
Incentive Indexes for Regulated Industries.
Diewert, W Erwin, Fox, Kevin J
A range of performance measures are suggested and evaluated in the context of regulated industries with multiple inputs and/or multiple outputs. These measures are intended to induce optimizing...
Index Number Approaches to Seasonal Adjustment.
A seasonal commodity is one that either (1) is not available during certain seasons or (2) is always available but its prices or quantities fluctuate with the season or time of year. The existence of...
High Inflation, Seasonal Commodities, and Annual Index Numbers.
This paper studies the problems of measuring economic growth under conditions of high inflation. Traditional bilateral index number theory implicitly assumes that variations in the price of a...
Diewert on Index Number Theory
Traditional index number theory decomposes a value ratio into the product of a price index times a quantity index. The price (quantity) index is interpreted as an aggregate price (quantity) ratio....
Depreciation, Deterioration and Obsolescence when there is Embodied or Disembodied Technical Change
Diewert, W. Erwin, Wykoff, Frank C.
The paper considers how to measure capital in a model where technical progress is either embodied in new units of capital or it is "disembodied" and simply causes the price of capital services to...
The Measurement of Productivity for Nations
Diewert, W. Erwin, Nakamura, Alice O., J.J. Heckman, E.E. Leamer
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total factor productivity measures are defined and are related to each other and to gross...
The Effects of an Innovation: A Trade Theory Approach.
This paper treats an innovation as the sudden appearance of a new tech nology that can either produce a new good or existing goods more effi ciently than existing technologies. Prices of...
Systems of business and personal taxation in most Western economies are not efficient. The paper discusses efficiency losses due to (1) tariffs and sales taxes; (2) the nonneutral treatment of...
Information failure as an alternative explanation of under investment in R&D
Masao Nakamura, Alice O. Nakamura, Peter Tiessen, W. Erwin Diewert
No Abstract
The Gains from Trade and Policy Reform Revisited
W. Erwin Diewert, Alan D. Woodland
The primary purpose of the paper is to provide characterizations of the conditions for welfare improvements in several situations that have received very little attention in the existing literature....
On the Estimation of Returns to Scale, Technical Progress and Monopolistic Markups
Kevin J. Fox, W. Erwin Diewert
This paper derives a number of theoretical results in the context of estimating returns to scale, technical progress and monopolistic markups when there are multiple outputs and/or multiple inputs....
Index Number Issues in the Consumer Price Index.
This paper addresses the following issues: what is an appropriate theoretical consumer price index that statistical agencies should attempt to measure; what are some of the possible sources of biases...
The Theory of Monetary Aggregation (book front matter)
William Barnett, Apostolos Serletis, W. Erwin Diewert
This is the front matter from the book, William A. Barnett and Apostolos Serletis (eds.), The Theory of Monetary Aggregation, published in 2000 by Elsevier in its Contributions to Economic Anaysis...
Alternative strategies for aggregating prices in the CPI - commentary
Consumer price indexes ; Prices
Harmonized Indexes of Consumer Prices: Their Conceptual Foundations
The Harmonized Index of Consumer Prices (HICP) is the single most important indicator of inflation used by the European Central Bank. Sections 2 to 4 of the paper look at the theory of inflation...
Functional Form Problems in Modeling Insurance and Gambling
Defining the outputs of the property insurance and gambling sectors of an economy has proved to be a difficult problem for national income accountants. It is well known that the traditional...
The Early History of Price Index Research
This paper examines the domestic and foreign fixed investment expenditures of a sample of U.S. multinational firms to explain empirically each type of investment and to determine whether there are...
Productivity Measurement for a Distribution Firm
W. Erwin Diewert, Ann Marie Smith
The paper derives a consistent accounting framework for the treatment of inventories when measuring the productivity of a distribution firm. The average purchase price of an inventory item during an...
Price and Volume Measures in the System of National Accounts
The paper is an extensive review of chapter 16 in the System of National Accounts, 1993 written by Peter Hill. The basic principles for measuring price and quantity change in the National Accounts...
Axiomatic and Economic Approaches to Elementary Price Indexes
In a 1993 paper, Marshall Reinsdorf finds that the CPI components for food and gas were biased upward by about 2% and 1% per year respectively during the 1980s. He attributes this result to outlet...
Axiomatic and Economic Approaches to International Comparisons
The paper considers the problem of choosing a multilateral system of index numbers in order to make aggregate price and quantity comparisons between many countries and regions. The problems involved...
The paper revisits Harper, Berndt and Wood (1989) and calculates Canadian reproducible capital services aggregates under alternative assumptions about the form of depreciation, the opportunity cost...
Flexible Functional Forms and Global Curvature Conditions
Empirically estimated flexible functional forms frequently fail to satisfy the appropriate theoretical curvature conditions. Lau and Gallant and Golub have worked out methods for imposing the...
HIGH INFLATION, SEASONAL COMMODITIES, AND ANNUAL INDEX NUMBERS
This paper studies the problems of measuring economic growth under conditions of high inflation. Traditional bilateral index number theory implicitly assumes that variations in the price of...
INDEX NUMBER APPROACHES TO SEASONAL ADJUSTMENT
A seasonal commodity is one that either (1) is not available during certainseasons or (2) is always available but its prices or quantities fluctuate with the season or time of year. The existence of...
Introduction to price and productivity measurement for housing
Bert M. Balk, W. Erwin Diewert, Alice O. Nakamura
This paper provides a brief introduction to a proposed new opportunity cost treatment of owner-occupied housing in measures of inflation for the United States. In addition, the paper introduces, and...
Accounting for housing in a CPI
W. Erwin Diewert, Alice O. Nakamura
In this paper, we take stock of how statistical agencies in different nations are currently accounting for housing in their consumer price indexes (CPIs). The rental equivalence and user cost...
Introduction to Measurement with Theory.
William Barnett, W. Erwin Diewert, Arnold Zellner
This paper is the introduction to the forthcoming Macroeconomic Dynamics Special Issue on Measurement with Theory. The Guest Editors of the special issue are William A. Barnett, W. Erwin Diewert,...
Issues in the Measurement of Capital Services, Depreciation, Asset Price Changes, and Interest Rates
Introduction to Measurement with Theory
Barnett, William A., Diewert, W. Erwin, Zellner, Arnold
This working paper is the first draft of an overview and commentary on the papers to appear in a Macroeconomic Dynamics Special Issue on Measurement with Theory. The included papers in the special...
EXACT AND SUPERLATIVE PRICE AND QUANTITY INDICATORS
Diewert, W. Erwin, Mizobuchi, Hideyuki
The traditional economic approach to index number theory is based on a ratio of cost functions. Diewert defined superlative price and quantity indices as observable indices that were exact for a...
INTRODUCTION TO MEASUREMENT WITH THEORY
Barnett, William A., Diewert, W. Erwin, Zellner, Arnold
This paper is the introduction to the Macroeconomic Dynamics Special Issue on Measurement with Theory. The Guest Editors of the special issue are William A. Barnett, W. Erwin Diewert, Shigeru Iwata,...