Dumagan, Jesus C. - Philippine Institute for Development Studies (PIDS), … - 2009
This paper’s framework for GDP in chained prices yields GDP in constant prices as a special case of constant relative … prices, i.e., these GDP measures differ only when relative prices change. The framework has a novel additive procedure …, counter to the prevailing view that GDP in chained prices is non-additive. This procedure allows relative prices to change but …