Application of the original price index formula in the CPI commodity substitution bias measurement
نویسنده
چکیده
In this paper we propose the application of the original, superlative price index formula for the measurement of commodity substitution bias associated with Consumer Price Index (CPI). In our simulation study we compare CPI bias values calculated by using the original price index formula with those calculated on the basis of some known, superlative price indices.
منابع مشابه
Retrospective Price Indices and Substitution Bias
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