True Multilateral Indexes for International Comparisons of Purchasing Power and Real Income.
I consider the problem of choosing index numbers of purchasing power and real income for international comparisons. I show that the desirable properties of methods based on the Fisher "Ideal" index do not extend to multilateral comparisons, except when tastes are homothetic. By contrast, t...
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| Format: | Working paper |
| Language: | English |
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Centre for Economic Performance, LSE
1997
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