Does deflation method matter for productivity measures?

In this paper, we argue against the use the double deflation method to produce an equilibrating system of account at a constant price. In fact, by relaxing such a condition, by means of the single deflation method, we obtain a measure of purchasing power transfer that can be decomposed in productivity and market distortion. Results are presented for the evolution of the Italian economy for the periods 1995-2002

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Year of publication:	2009
Authors:	Garau, G. ; Lecca, P. ; Schirru, L.
Institutions:	Centro Ricerche Nord Sud (CRENoS)
Subject:	national account \| prices index \| total factor productivity \| input output

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Extent:	application/pdf
Series:	Working Paper CRENoS.
Type of publication:	Book / Working Paper
Classification:	O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005687211