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Aggregation Methods for Intercountry Comparisons of Prices and Real Values in Agriculture: A Review and Synthesis

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  • Ball, V Eldon, et al

Abstract

This paper considers alternative approaches to providing consistent intercountry comparisons of prices, quantities and productivity in the agricultural sector. Bilateral index numbers allow price and quantity comparisons between two countries, whereas multilateral indexes make it possible to construct real values, purchasing-power parities (PPPs) and productivity indexes across a larger number of countries at a given point in time. We describe the empirical and theoretical properties of the most common index numbers. We then examine how empirical results are affected by applying the different multilateral approaches to compare the real agricultural output of ten European countries and the United States. We provide a set of PPPs for agricultural output which can be used for comparing real agricultural output aggregates. Coauthors are Ahmed Barkaoui, Jean-Christophe Bureau, and Jean-Pierre Butault. Copyright 1997 by Oxford University Press.

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  • Ball, V Eldon, et al, 1997. "Aggregation Methods for Intercountry Comparisons of Prices and Real Values in Agriculture: A Review and Synthesis," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 24(2), pages 183-206.
    • Handle: RePEc:oup:erevae:v:24:y:1997:i:2:p:183-206
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    Cited by:

    1. Aldaz, Natalia & Millan, Joaquin A., 2003. "Analisis Malmquist y DEA intertermporal de las agriculturas de la Union Europea," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 3(06), pages 1-20.
    2. Stéphane Lemarié & Valérie Orozco & Jean-Pierre Butault & Antonio Musolesi & Michel Simioni & Bertrand Schmitt, 2020. "Assessing the long-term impact of agricultural research on productivity: evidence from France," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 47(4), pages 1559-1586.
    3. Yu Sheng & Eldon Ball & Katerina Nossal, 2015. "Comparing Agricultural Total Factor Productivity between Australia, Canada, and the United States, 1961-2006," International Productivity Monitor, Centre for the Study of Living Standards, vol. 29, pages 38-59, Fall.
    4. Virgil Eldon Ball & Carlos San Juan Mesonada & Carlos Sunyer Manteiga & Kennet Ericson & Yu Sheng, 2023. "Technology catch‐up in agriculture among advanced economies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(1), pages 18-37, January.
    5. Nin Pratt, Alejandro & Hertel, Thomas W. & Foster, Kenneth A. & Rae, Allan N., 2001. "Productivity Growth And Catching-Up: Implications For China'S Trade In Livestock Products," 2001 Annual meeting, August 5-8, Chicago, IL 20590, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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