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The Inadequacy Of Unit Value Indexes As Proxies For Canadian Industrial Selling Price Indexes

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  • R. A. Holmes

Abstract

This paper considers the adequacy of unit value indexes as proxies for industrial selling price indexes in Canada, in light of the considerations raised in the Searle report for the United States (summarized elsewhere in this issue). Some 3,237 regressions are run using the industrial selling price index for a commodity group as the dependent variable and the corresponding unit value index as the independent variable. The unit value indexes perform poorly as predictors of the I.S.P.I.; the overall tendency is for the unit value index to overestimate changes in the I.S.P.I.; and to explain on average only about 30 percent of the total variance of the I.S.P.I.

Suggested Citation

  • R. A. Holmes, 1973. "The Inadequacy Of Unit Value Indexes As Proxies For Canadian Industrial Selling Price Indexes," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 19(3), pages 271-277, September.
    • Handle: RePEc:bla:revinw:v:19:y:1973:i:3:p:271-277
    DOI: 10.1111/j.1475-4991.1973.tb00891.x
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    Cited by:

    1. Fischer, Christian, 2007. "Food quality and product export performance. An empirical investigation of the EU situation," 105th Seminar, March 8-10, 2007, Bologna, Italy 7877, European Association of Agricultural Economists.
    2. Mark J. Gehlhar & Daniel H. Pick, 2001. "Food trade balances and unit values: What can they reveal about price competition?," Agribusiness, John Wiley & Sons, Ltd., vol. 18(1), pages 61-79.

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