Journal
STATISTICAL METHODS AND APPLICATIONS
Volume 26, Issue 2, Pages 317-332Publisher
SPRINGER HEIDELBERG
DOI: 10.1007/s10260-016-0367-6
Keywords
Paasche price index; Imputation hedonic method; Quality adjustment
Categories
Funding
- Fundacao para a Ciencia e a Tecnologia [PTDC/EGE-ECO/119148/2010, UID/ECO/04007/2013]
- Fundação para a Ciência e a Tecnologia [PTDC/EGE-ECO/119148/2010] Funding Source: FCT
Ask authors/readers for more resources
This paper proposes arithmetic and geometric Paasche quality-adjusted price indexes that combine micro data from the base period with macro data on the averages of asset prices and characteristics at the index period. The suggested indexes have two types of advantages relative to traditional Paasche indexes: (i) simplification and cost reduction of data acquisition and manipulation; and (ii) potentially greater efficiency and robustness to sampling problems. A Monte Carlo simulation study and an empirical application concerning the housing market illustrate some of those advantages.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available