Gaulier, Guillaume; Martin, Julien; Méjean, Isabelle; … - 2008
international trade values data in order to get vol-
ume series. Whereas the trade of primary goods experiences the largest growth … in value in
2003 and 2004, the sector in which traded volumes increased the most in 2003-2004 concerns
the investment … substitution effects and consequently overrates true price growth.
Conversely, the Paasche index tends to underestimate price …