Testing the Product Test

The product test asks the product of a quantity index number and a price index number to equal the corresponding value change. The literature treats the product test as being so important that it is used to identify acceptable index number pairs, and to construct implicit index numbers when an otherwise desirable pair fails the test. We treat the product test as a hypothesis to be tested, and we provide an empirical application.

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Year of publication:	2010-11
Authors:	Brea, H. ; Grifell-Tatje, E. ; Lovell, C. A. K.
Institutions:	School of Economics, University of Queensland

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Extent:	application/pdf
Series:	CEPA Working Papers Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number WP072010
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009371699