Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/126777 
Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
PIDS Discussion Paper Series No. 2009-08
Verlag: 
Philippine Institute for Development Studies (PIDS), Makati City
Zusammenfassung: 
This paper's framework for GDP in chained prices yields GDP in constant prices as a special case of constant relative prices, i.e., these GDP measures differ only when relative prices change. The framework has a novel additive procedure, counter to the prevailing view that GDP in chained prices is non-additive. This procedure allows relative prices to change but when they are constant, components in chained and in constant prices are equal, implying consistency with the additivity of GDP in constant prices. Finally, GDP conversion from constant to chained prices removes the fixed base - by making the immediately preceding period the base, i.e., continuous updating - and allows relative prices to change and, thus, removes the base-period dependence and substitution bias of GDP in constant prices.
Schlagwörter: 
real GDP
constant prices
chained prices
Fisher index
additivity
JEL: 
C43
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
168.12 kB





Publikationen in EconStor sind urheberrechtlich geschützt.