Quality growth versus inflation in Turkey

Yavuz Arslan; Evren Ceritoğlu

We estimate average quality growth and upward inflation bias for a set of 51 goods in Turkey by using 7 waves of Household Budget Survey from 2003 to 2009 and TURKSTAT prices. We employ instrumental variables approach introduced by Bils and Klenow (2001). We find that average quality growth in Turkey is 3.93 percent. Of this 3.93 percent, 2.28 percent is not netted out by TURKSTAT. Consequently, for the set of goods that we study, the estimated inflation bias is 2.28 percentage points.

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Year of publication:	2011
Authors:	Arslan, Yavuz ; Ceritoğlu, Evren
Publisher:	[Ankara]
Subject:	Inflationsrate \| Inflation rate \| Konsumgüter \| Consumer goods \| Produktqualität \| Product quality \| IV-Schätzung \| Instrumental variables \| Schätzung \| Estimation \| Türkei \| Turkey \| 2003-2009

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Extent:	Online-Ressource (21 S.) graph. Darst.
Series:	Working paper / Türkiye Cumhuriyet Merkez Bankası. - Ankara : [Verlag nicht ermittelbar], ZDB-ID 2842181-4. - Vol. 11/21
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Classification:	D12 - Consumer Economics: Empirical Analysis ; E31 - Price Level; Inflation; Deflation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009407626