Oulton, Nicholas - Centre for Economic Performance, LSE - 2009
Almost Ideal Demand System, producer price index, homothetic, productivity
JEL Classifications: C43, D11, D12, E31, D24, I … remarks apply to the
measurement of other indices such as the producer price index.
1.2 Non-homotheticity
Actually … for utility (or, for the producer price index, on the
reference output level). The fact that the Konüs price index …