Article citationsMore>>

Diewert, W. E. (1980). Aggregation Problems in the Measurement of Capital. In D. Usher (Ed.), The Measurement of Capital, Studies in Income and Wealth, Vol. 45, National Bureau of Economic Research (pp. 433-528). Chicago: University of Chicago Press.

has been cited by the following article:

• TITLE: Quantity Indices in the Construction of the GDP Series

  AUTHORS: John M. Hartwick

  KEYWORDS: Quantity Indices, GDP Time-Path

  JOURNAL NAME: Theoretical Economics Letters, Vol.11 No.4, July 29, 2021

  ABSTRACT: We provide a critique of the use of Fisher’s Ideal Quantity Index in the construction of the GDP series. Attention is focused on an alternative which factors nominal GDP increase into a sum of a quantity index and a price index rather than a product of a quantity index and a price index. A twenty period example is used to compare approaches.