Journal Article10.1016/J.ECONLET.2011.06.017
Testing the Product Test
TL;DR: In this article, the authors treat the product test as a hypothesis, and provide an empirical test to test whether the product of the volume and price index numbers is equal to the corresponding value change.
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About: This article is published in Economics Letters. The article was published on 01 Nov 2011. The article focuses on the topics: Product (mathematics).
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Citations
Centre for Efficiency and Productivity Analysis
Emili Grifell-Tatjé,C. A. K. Lovell +1 more
- 01 Jan 2015
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Productivity Accounting: The Economics of Business Performance
Emili Grifell-Tatjé,C. A. Knox Lovell +1 more
- 26 Jan 2015
TL;DR: In this paper, the authors present an in-depth analysis of variation in business performance, providing the reader with an analytical framework within which to account for this variation and its causes and consequences.
72
Exact Relationships Between Fisher Indexes and Theoretical Indexes
TL;DR: The authors developed exact relationships between empirical Fisher indexes and their theoretical Malmquist and Konus counterparts and derived a quantity mix function that ensures satisfaction of the product test, and this price mix function differs fundamentally from the quantity mix functions relating Fisher and other indexes.
6
Local Circularity of Six Classic Price Indexes
TL;DR: In this article, the authors characterize local circularity for the Laspeyres, Paasche, and Fisher price indexes, and derive sufficient conditions for achieving circularity that at least one of two proposed equalities must hold.
1
References
Convergence of Productivity: An Analysis of the Catch-up Hypothesis within a Panel of States
TL;DR: In this article, the authors estimate the growth and relative levels of agricultural productivity for the forty-eight contiguous states for the period 1960-99 and find that the median rate of TFP growth was 1.71 % per year, while average growth rates ranged from 0.73% for Oklahoma to 2.59% for Michigan.