Multilateral index number systems for international price comparisons: Properties, existence and uniqueness

Loading...
Thumbnail Image
File version

Accepted Manuscript (AM)

Author(s)
Hajargasht, Gholamreza
Rao, DS Prasada
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)
Date
2019
Size
File type(s)
Location
Abstract

Over the past five decades a number of multilateral index number systems have been proposed for spatial and cross-country price comparisons. These multilateral indexes are usually expressed as solutions to systems of linear or nonlinear equations. In this paper, we provide general theorems that can be used to establish necessary and sufficient conditions for the existence and uniqueness of the Geary–Khamis, IDB, Neary and Rao indexes as well as potential new systems including two generalized systems of index numbers. One of our main results is that the necessary and sufficient conditions for existence and uniqueness of solutions can often be stated in terms of graph-theoretic concepts and a verifiable condition based on observed quantities of commodities.

Journal Title

Journal of Mathematical Economics

Conference Title
Book Title
Edition
Volume

83

Issue
Thesis Type
Degree Program
School
Publisher link
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement

© 2019. This manuscript version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/

Item Access Status
Note
Access the data
Related item(s)
Subject

Applied economics

Econometrics

Economic theory

Persistent link to this record
Citation

Hajargasht, G; Rao, DSP, Multilateral index number systems for international price comparisons: Properties, existence and uniqueness, Journal of Mathematical Economics, 2019, 83, pp. 36-47

Collections