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A New Approach to the Index Number Problem

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  • Doris M. Iklé

Abstract

A. Introduction, 188. — B. The theoretical basis of the index, 189. — C. The price and quantity index defined, 194. — D. Structural price and quantity differences, 199. — E. A measure of significance, 200. — F. The comparison of more than two aggregates, 202. — Appendices: I. A. comparison of my estimates of Gross National Product for the Soviet Union and Western Europe with previous estimates, 205. — II A note on the factor reversal test, 205. — III. Iteration-convergence problem, 206. — IV. A numerical illustration of computing the quantity index, 210.

Suggested Citation

  • Doris M. Iklé, 1972. "A New Approach to the Index Number Problem," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 86(2), pages 188-211.
  • Handle: RePEc:oup:qjecon:v:86:y:1972:i:2:p:188-211.
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    Cited by:

    1. Gholamreza Hajargasht & D. S. Prasada Rao, 2010. "Stochastic Approach To Index Numbers For Multilateral Price Comparisons And Their Standard Errors," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(s1), pages 32-58, June.
    2. Hajargasht, Gholamreza & Rao, D.S. Prasada, 2019. "Multilateral index number systems for international price comparisons: Properties, existence and uniqueness," Journal of Mathematical Economics, Elsevier, vol. 83(C), pages 36-47.
    3. K. Vela Velupillai, 2016. "Seven Kinds of Computable and Constructive Infelicities in Economics," New Mathematics and Natural Computation (NMNC), World Scientific Publishing Co. Pte. Ltd., vol. 12(03), pages 219-239, November.
    4. K. Vela Velupillai, 2007. "Sraffa's Mathematical Economics - A Constructive Interpretation," Department of Economics Working Papers 0702, Department of Economics, University of Trento, Italia.
    5. Hill, Robert J. & Timmer, Marcel P., 2006. "Standard Errors as Weights in Multilateral Price Indexes," Journal of Business & Economic Statistics, American Statistical Association, vol. 24, pages 366-377, July.
    6. repec:dgr:rugggd:200473 is not listed on IDEAS

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