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Towards a simplified approach to international price comparisons: A case for the Multilateral Walsh Index
http://hdl.handle.net/10086/0002061242
http://hdl.handle.net/10086/00020612429045768b-6b0e-4bcc-9631-e736e243a0ad
| Item type | デフォルトアイテムタイプ（フル）その２(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2025-11-18 | |||||||
| タイトル | ||||||||
| タイトル | Towards a simplified approach to international price comparisons: A case for the Multilateral Walsh Index | |||||||
| 言語 | en | |||||||
| 作成者 |
Abe, Naohito
× Abe, Naohito× Rao, D.S. Prasada
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| 寄与者 | ||||||||
| 寄与者タイプ | Editor | |||||||
| 姓名 | Research Center for Economic and Social Risks, Institute of Economic Research, Hitotsubashi University | |||||||
| 言語 | en | |||||||
| アクセス権 | ||||||||
| アクセス権 | metadata only access | |||||||
| アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||||
| 主題 | ||||||||
| 言語 | en | |||||||
| 主題Scheme | Other | |||||||
| 主題 | Price comparisons | |||||||
| 主題 | ||||||||
| 言語 | en | |||||||
| 主題Scheme | Other | |||||||
| 主題 | Transitivity | |||||||
| 主題 | ||||||||
| 言語 | en | |||||||
| 主題Scheme | Other | |||||||
| 主題 | Proportionality | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | 25 February, 2022 | |||||||
| 言語 | en | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | We offer a simple alternative to the Gini-Eltetö-Köves-Szulc and Geary-Khamis methods used for international price and real expenditure comparisons. We show that the only symmetric average fixed basket price index that satisfies transitivity, country symmetry, and invariance to proportional changes in quantities is the multilateral Walsh index, a generalization of the superlative bilateral Walsh index (Diewert, 2001). Simplicity and its superior axiomatic properties, including identity and monotonicity, compared to current International Comparison Program (ICP) and Penn World Table (PWT) methods and plausibility and comparability of results based on the 2017 ICP data make the multilateral Walsh method an ideal choice. | |||||||
| 言語 | en | |||||||
| 出版者 | ||||||||
| 出版者 | Institute of Economic Research, Hitotsubashi University | |||||||
| 言語 | en | |||||||
| 日付 | ||||||||
| 日付 | 2022-02 | |||||||
| 日付タイプ | Issued | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| 資源タイプ | ||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||||
| 資源タイプ | technical report | |||||||
| 出版タイプ | ||||||||
| 出版タイプ | VoR | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||
| 関連情報 | ||||||||
| 関連タイプ | isPartOf | |||||||
| 言語 | en | |||||||
| 関連名称 | RCESR Discussion Paper Series ; No. DP22-1 | |||||||
| 関連情報 | ||||||||
| 関連タイプ | isRequiredBy | |||||||
| 識別子タイプ | HDL | |||||||
| 関連識別子 | https://hdl.handle.net/10086/73526 | |||||||
| 関連情報 | ||||||||
| 関連名称 | This version has been revised. The new version is available at http://hdl.handle.net/10086/73526. | |||||||
| 関連情報 | ||||||||
| 識別子タイプ | HDL | |||||||
| 関連識別子 | https://hdl.handle.net/10086/73359 | |||||||
| ページ数 | ||||||||
| ページ数 | 41 | |||||||
| Sponsorship | ||||||||
| 値 | Abe’s work was supported by JSPS KAKENHI, 19H01467, 16H06322, and 18H00864. | |||||||
| Sponsorship | ||||||||
| 値 | Rao acknowledges support from Hitotsubashi Institute for Advanced Study (HIAS) which facilitated visits to HIAS and funding from the Australian Research Council Discovery Project DP170103559. | |||||||
| JEL | ||||||||
| 値 | E31 | |||||||
| JEL | ||||||||
| 値 | C43 | |||||||
