Economic Analysis of Production Price Indexes

Paperback / softback

Main Details

Title Economic Analysis of Production Price Indexes
Authors and Contributors      By (author) Franklin M. Fisher
By (author) Karl Shell
Physical Properties
Format:Paperback / softback
Pages:242
Dimensions(mm): Height 229,Width 152
Category/GenreEconomic theory and philosophy
Microeconomics
ISBN/Barcode 9780521556231
ClassificationsDewey:339.2/3 339.23 338.52
Audience
Professional & Vocational
Illustrations 21 Line drawings, unspecified

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 13 November 1997
Publication Country United Kingdom

Description

This is a book on the theory behind the construction of production index numbers. Well-known examples of such indexes are the Gross Domestic Product, the Producer Price Index, and labor productivity. Fisher and Shell provide the analysis behind this class of index numbers. They treat separately the different production units and different forms of industrial organization. They show the direction of bias in traditionally calculated index numbers and how biases can affect fundamental conclusions about the growth or stagnation of the economy.

Reviews

'Fisher and Shell have provided the economics profession with an interesting, thought-provoking book on a number of important measurement issues.' Journal of Economics