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Testing the product test

Author

Listed:
  • Brea, H.
  • Grifell-Tatjé, E.
  • Lovell, C.A.K.

Abstract

The product test asks the product of the volume and price index numbers to equal the corresponding value change. The literature treats the product test as a requirement. We treat it as a hypothesis, and we provide an empirical test.

Suggested Citation

  • Brea, H. & Grifell-Tatjé, E. & Lovell, C.A.K., 2011. "Testing the product test," Economics Letters, Elsevier, vol. 113(2), pages 157-159.
    • Handle: RePEc:eee:ecolet:v:113:y:2011:i:2:p:157-159
    DOI: 10.1016/j.econlet.2011.06.017
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    References listed on IDEAS

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    1. V. Eldon Ball & Charles Hallahan & Richard Nehring, 2004. "Convergence of Productivity: An Analysis of the Catch-up Hypothesis within a Panel of States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(5), pages 1315-1321.
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    More about this item

    Keywords

    Product test; Index numbers; Profitability change;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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