Introduction to measurement with theory

Macroeconomic Dynamics

Volumn 13, Issue SUPPL. S2, 2009, Pages 151-168

  Barnett, William A ^a   Diewert, W Erwin ^b   Zellner, Arnold ^c  

^a UNIVERSITY OF KANSAS   (United States)

^b UNIVERSITY OF BRITISH COLUMBIA   (Canada)

^c UNIVERSITY OF CHICAGO   (United States)

Author keywords

Aggregation Theory; Index Number Theory; Measurement

Indexed keywords

EID: 70449435110     PISSN: 13651005     EISSN: 14698056     Source Type: Journal    
DOI: 10.1017/S1365100509090233     Document Type: Review

References (68)

1. Afriat, S.N. (1967) The construction of utility functions from expenditure data. International Economic Review 8, 67-77.
2. Allen, R.G.D. (1949) The economic theory of index numbers. Economica 16, 197-203.
3. Balk, B.M. (1996) A comparison of ten methods for multilateral international price and volume comparisons. Journal of Official Statistics 12, 199-222.
4. Balk, B.M. (2003) The residual: On monitoring and benchmarking firms, industries and economies with respect to productivity. Journal of Productivity Analysis 20, 5-47.
5. Balk, B.M. (2009a) Measuring productivity change without neoclassical assumptions: A conceptual analysis. In W.E. Diewert, B.M. Balk, D. Fixler, K.J. Fox, and A.O. Nakamura (eds.), Price and Productivity Measurement: Volume 6-Index Number Theory, Ch. 4. Victoria, Canada: Trafford Press. In press.
6. Balk, B.M. (2009b) On the relation between gross output- and value added-based productivity measures: The importance of the Domar factor. Macroeconomic Dynamics 13, Supplement 2, 241-267.
7. Banks, J., R. Blundell, and A. Lewbel (1997) Quadratic Engel curves and consumer demand. Review of Economics and Statistics 79, 527-539. (Pubitemid 128002659)
8. Barnett,W.A. and S. Choi (1989) AMonte Carlo study of tests of blockwise weak separability. Journal of Business and Economic Statistics 7, 363-377.
9. Barnett, W.A. and J.H. Hahm (1994) Financial firm production of monetary services: A generalized symmetric Barnett variable-profit function approach. Journal of Business and Economic Statistics 12, 33-46.
10. Barnett, W.A. and P. de Peretti (2009) Admissible clustering of aggregator components: A necessary and sufficient stochastic seminonparametric test for weak separability. Macroeconomic Dynamics 13, Supplement 2, 317-334.
11. Barnett, W.A. and A. Serletis (1990) A dispersion dependency diagnostic test for aggregation error: With applications to monetary economics and income distribution. Journal of Econometrics 43, 5-43.
12. Reprinted in W.A. Barnett and A. Serletis (eds.), The Theory of Monetary Aggregation, Chap. 9, pp. 5-34. Amsterdam: North-Holland, 2000.
13. Barnett, W.A. and A. Serletis (2008) Consumer preferences and demand systems. Journal of Econometrics 147, 210-224.
14. Barnett, W.A. and G. Zhou (1994) Financial firms' production and supply-side monetary aggregation under dynamic uncertainty. Federal Reserve Bank of St. Louis Review 76, 133-165.
15. Barnett, W.A., M. Chauvet, and H.L.R. Tierney (2009) Measurement error in monetary aggregates: A Markov switching factor approach. Macroeconomic Dynamics 13, Supplement 2, 381-412.
16. Barnett, W.A., M. Kirova, and M. Pasupathy (1995) Estimating policy-invariant deep parameters in the financial sector when risk and growth matter. Journal of Money, Credit, and Banking 27, 1402-1430.
17. Bennet, T.L. (1920) The theory of measurement of changes in cost of living. Journal of the Royal Statistics Society 83, 455-462.
18. Bernard, A.B. and C.I. Jones (1996) Comparing apples to oranges: Productivity convergence and measurement across industries and countries. American Economic Review 86(5), 1216-1238.
19. Blackorby, C., D. Primont, and R.R. Russell (1977) On testing separability restrictions with flexible functional forms. Journal of Econometrics 5, 195-209.
20. Caves, D.W., L.R. Christensen, and W.E. Diewert (1982) Multilateral comparisons of output, input and productivity using superlative index numbers. Economic Journal 92, 73-86.
21. Deaton, A. and A. Heston (2008) Understanding PPPs and PPP-Based National Accounts. NBER Working Paper 14499, National Bureau of Economic Research, Cambridge, MA.
22. Deaton, A.S. and J. Muellbauer (1980) An almost ideal demand system. American Economic Review 70, 312-326.
23. Denny, M., M. Fuss, and L. Waverman (1981) The measurement and interpretation of Total Factor Productivity in regulated industries, with an application to Canadian telecommunications. In T.G. Cowing and R.E. Stevenson (eds.), Productivity Measurement in Regulated Industries, pp. 179-218. New York: Academic Press.
24. Diewert, W.E. (1973) Afriat and revealed preference theory. Review of Economic Studies 40, 419-425.
25. Diewert, W.E. (1976) Exact and superlative index numbers. Journal of Econometrics 4, 114-145.
26. Diewert,W.E. (1988) Test approaches to international comparisons. InW. Eichhorn (ed.), Measurement in Economics: Theory and Applications of Economic Indices, pp. 67-86. Heidelberg: Physica-Verlag.
27. Diewert,W.E. (1992a) Exact and superlative welfare change indicators. Economic Inquiry 30, 565-582.
28. Diewert, W.E. (1992b) The measurement of productivity. Bulletin of Economic Research 44(3), 163-198.
29. Diewert,W.E. (1999) Axiomatic and economic approaches to international comparisons. In A. Heston and R.E. Lipsey (eds.), International and Interarea Comparisons of Income, Output and Prices, Studies in Income and Wealth, vol.61, pp. 13-87. Chicago: University of Chicago Press.
30. Diewert, W.E. (2005) Index number theory using differences instead of ratios. American Journal of Economics and Sociology 64(1), 311-360.
31. Diewert, W.E. (2008) New Methodological Developments for the International Comparison Program. Discussion Paper 08-108, Department of Economics, University of British Columbia, Vancouver, Canada.
32. Diewert, W.E. (2009) Similarity indexes and criteria for spatial linking. In D.S. Prasada Rao (ed.), Purchasing Power Parities of Currencies: Recent Advances in Methods and Applications, Chap. 8, pp. 155-176. Cheltenham, UK: Edward Elgar.
33. Diewert, W.E. and H. Mizobuchi (2009) Exact and superlative price and quantity indicators. Macroeconomic Dynamics 13, Supplement 2, 335-380.
34. Diewert, W.E. and C.J. Morrison (1986) Adjusting output and productivity indexes for changes in the terms of trade. Economic Journal 96, 659-679.
35. Diewert, W.E. and A.O. Nakamura (2003) Index number concepts, measures and decompositions of productivity growth. Journal of Productivity Analysis 19, 127-159.
36. Diewert, W.E. and T.J. Wales (1987) Flexible functional forms and global curvature conditions. Econometrica 55, 43-68.
37. Diewert,W.E. and T.J.Wales (1995) Flexible functional forms and tests of homogeneous separability. Journal of Econometrics 67, 259-302.
38. Domar, E.D. (1961) On themeasurement of technological change. The Economic Journal 71, 709-721.
39. Feenstra, R.C., H. Ma, and D.S. Prasada Rao (2009) Consistent comparisons of real incomes across time and space. Macroeconomic Dynamics 13, Supplement 2, 169-193.
40. Fisher, I. (1922) The Making of Index Numbers. Boston: Houghton-Mifflin.
41. Geary, R.G. (1958) A note on comparisons of exchange rates and purchasing power between countries. Journal of the Royal Statistical Society Series A 121, 97-99.
42. Gini, C. (1931) On the circular test of index numbers. Metron 9(9), 3-24.
43. Harberger, A.C. (1971) Three basic postulates for applied welfare economics: An interpretive essay. Journal of Economic Literature 9, 785-797.
44. Harrison, G.C. (1918) Cost accounting to aid production, I. Industrial Management 56, 273-282.
45. Hicks, J.R. (1941-1942) Consumers' surplus and index numbers. Review of Economic Studies 9, 126-137.
46. Hicks, J.R. (1945-1946) The generalized theory of consumers' surplus. Review of Economic Studies 13, 68-74.
47. Hill, R.J. (1997) A taxonomy of multilateral methods for making international comparisons of prices and quantities. Review of Income and Wealth 43(1), 49-69.
48. Hill, R.J. (1999) Comparing price levels across countries using minimum spanning trees. Review of Economics and Statistics 81, 135-142.
49. Hill, R.J. (2001) Measuring inflation and growth using spanning trees. International Economic Review 42, 167-185.
50. Hill, R.J. (2004) Constructing price indexes across space and time: The case of the European Union. American Economic Review 94, 1379-1410.
51. Hill, R.J. and T.P. Hill (2009) Recent developments in the international comparison of prices and real output. Macroeconomic Dynamics 13, Supplement 2, 194-217.
52. Hill, T.P. (2007) ICP 2003-2006 Handbook, Chaps. 11-15. Washington DC: World Bank. Available at http://siteresources.worldbank.org/ICPINT/Resources/ Ch11.doc. Accessed 17 June 2009.
53. Hotelling, H. (1938) The general welfare in relation to problems of taxation and of railway and utility rates. Econometrica 6, 242-269.
54. Inklaar, R. and M.P. Timmer (2009) Productivity convergence across industries and countries: The importance of theory-based measurement. Macroeconomic Dynamics 13, Supplement 2, 218-240.
55. Jorgenson, D.W. and Z. Griliches (1967) The explanation of productivity change. Review of Economic Studies 34, 249-283.
56. Khamis, S.H. (1972) A new system of index numbers for national and international purposes. Journal of the Royal Statistical Society Series A 135, 96-121.
57. Kohli, U. (1990) Growth accounting in the open economy: Parametric and nonparametric estimates. Journal of Economic and Social Measurement 16, 125-136.
58. Kon̈us, A.A. (1939) The problem of the true index of the cost of living. Econometrica 7, 10-29.
59. Marshall, A. (1890) Principles of Economics. London: Macmillan Co.
60. Montgomery, J.K. (1937) TheMathematical Problem of the Price Index. Orchard House,Westminster, UK: P.S. King & Son.
61. Neary, J.P. (2004) Rationalizing the Penn World Tables: True multilateral indices for international comparisons of real income. American Economic Review 94, 1411-1428.
62. Samuelson, P.A. (1974) Complementarity-An essay on the 40th anniversary of the Hicks-Allen revolution in demand theory. Journal of Economic Literature 12, 1255-1289.
63. Solow, R.M. (1957) Technical change and the aggregate production function. Review of Economics and Statistics 39, 312-320.
64. Townsend, R.M. and S.S. Urzua (2009) Measuring the impact of financial intermediation: Linking contract theory to econometric policy evaluation. Macroeconomic Dynamics 13, Supplement 2, 268-316.
65. Varian, H. (1982) The nonparametric approach to demand analysis. Econometrica 50, 945-973.
66. Varian, H. (1983) Non-parametric tests of consumer behavior. Review of Economic Studies 50, 99-110.
67. Weitzman, M.L. (1988) Consumer's surplus as an exact approximation when prices are appropriately deflated. Quarterly Journal of Economics 102, 543-553.
68. World Bank (2008) 2005 International Comparison Program: Tables of Final Results, Preliminary draft. Washington, DC: World Bank. Available at http://siteresources.worldbank.org/ICPINT/ Resources/ICP final-results.pdf. Accessed 17 June 2009.