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Aggregation Methods in International Comparisons

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  • Balk, B.M.

Abstract

This paper reviews the progress that has been made over the past decade in understanding the nature of the various multilateral in- ternational comparison methods. Fifteen methods are discussed and subjected to a system of ten tests. In addition, attention is paid to recently developed methods based on the principle of chaining, model based approaches, and the economic approach to international com- parison.

Suggested Citation

  • Balk, B.M., 2001. "Aggregation Methods in International Comparisons," ERIM Report Series Research in Management ERS-2001-41-MKT, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    • Handle: RePEc:ems:eureri:103
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    File URL: https://repub.eur.nl/pub/103/erimrs20010704161048.pdf
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    References listed on IDEAS

    as
    1. Robert Summers, 1973. "International Price Comparisons Based Upon Incomplete Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 19(1), pages 1-16, March.
    2. Selvanathan, E. A. & Prasada Rao, D. S., 1992. "An econometric approach to the construction of generalized Theil-Tornqvist indices for multilateral comparisons," Journal of Econometrics, Elsevier, vol. 54(1-3), pages 335-346.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Missong, Martin & Rolf, Anja, 2004. "Utility based regional purchasing power parities," FE Working Papers 0403, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
    2. repec:kap:iaecre:v:11:y:2005:i:4:p:359-378 is not listed on IDEAS
    3. Bert Balk, 2003. "The Residual: On Monitoring and Benchmarking Firms, Industries, and Economies with Respect to Productivity," Journal of Productivity Analysis, Springer, vol. 20(1), pages 5-47, July.
    4. Peter Mulder & Henri L.F. de Groot, 2004. "Decoupling Economic Growth and Energy Use. An Empirical Cross-Country Analysis for 10 Manufacturing Sectors," Tinbergen Institute Discussion Papers 04-005/3, Tinbergen Institute.
    5. Robert J. Hill, 2004. "Constructing Price Indexes across Space and Time: The Case of the European Union," American Economic Review, American Economic Association, vol. 94(5), pages 1379-1410, December.
    6. Guido Ferrari & Tiziana Laureti & Franco Mostacci, 2005. "Time–Space Harmonization of Consumer Price Indexes in Euro-Zone Countries," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 11(4), pages 359-378, November.
    7. Kevin Fox, 2006. "A Method for Transitive and Additive Multilateral Comparisons: A Transitive Bennet Indicator," Journal of Economics, Springer, vol. 87(1), pages 73-87, January.
    8. de Haan, Jan & van der Grient, Heymerik A., 2011. "Eliminating chain drift in price indexes based on scanner data," Journal of Econometrics, Elsevier, vol. 161(1), pages 36-46, March.
    9. Rice, N & Robone, S & Smith, P.C, 2008. "International Comparison of Public Sector Performance: The Use of Anchoring Vignettes to adjust Self-Reported Data," Health, Econometrics and Data Group (HEDG) Working Papers 08/28, HEDG, c/o Department of Economics, University of York.
    10. Li-Chun Zhang & Ingvild Johansen & Ragnhild Nygaard, 2018. "Tests for price indices in a dynamic item universe," Papers 1808.08995, arXiv.org, revised Oct 2018.
    11. Zhang Li-Chun & Johansen Ingvild & Nygaard Ragnhild, 2019. "Tests for Price Indices in a Dynamic Item Universe," Journal of Official Statistics, Sciendo, vol. 35(3), pages 683-697, September.

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    More about this item

    Keywords

    index number theory; international comparison; purchasing power parity;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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