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Räumliche Preisvergleiche: Aggregationskonzepte und Forschungsperspektiven

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  • Ludwig Auer

Abstract

Politicians and scientists have a strong interest in reliable regional and international comparisons of productivity, income, wages, and social benefits. Such comparisons require meaningful indicators of the regional and international price levels. The computation of such indicators utilizes multilateral price indices. The present paper introduces a general definition of multilateral price indices. A large variety of such indices has been proposed in the past. In the present paper each proposal is assigned to one of three different basic approaches: the correction approach (e.g., GEKS price index), the chaining approach (e.g., minimum spanning tree), and the homogenizing approach (e.g., Geary-Khamis price index). In the context of this partition, the differences and similarities of the various indices are presented. In particular, the analysis of the homogenizing approach goes significantly beyond the existing literature. A broader application of the homogenizing approach is advocated. Copyright Springer 2012

Suggested Citation

  • Ludwig Auer, 2012. "Räumliche Preisvergleiche: Aggregationskonzepte und Forschungsperspektiven," AStA Wirtschafts- und Sozialstatistisches Archiv, Springer;Deutsche Statistische Gesellschaft - German Statistical Society, vol. 6(1), pages 27-56, December.
    • Handle: RePEc:spr:astaws:v:6:y:2012:i:1:p:27-56
    DOI: 10.1007/s11943-012-0118-6
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    More about this item

    Keywords

    Multilateraler Preisindex; Regionalvergleich; Preisniveau; Preismessung; C43; E31; E52; Multilateral price index; Regional comparison; Price level; Price measurement;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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