| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10197 |
| 来源ID | Working Paper 10197 |
| Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth | |
| Robert C. Feenstra; Marshall B. Reinsdorf | |
| 发表日期 | 2004-01-05 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | In this paper we derive the standard error of a price index when both prices and tastes or technology are treated as stochastic. Changing tastes or technology are a reason for the weights in the price index to be treated as stochastic, which can interact with the stochastic prices themselves. We derive results for the constant elasticity of substitution expenditure function (with Sato-Vartia price index), and also the translog function (with Törnqvist price index), which proves to be more general and easier to implement. In our application to Asian growth, we construct standard errors on the total factor productivity (TFP) estimates of Hsieh (2002) for Singapore. We find that TFP growth is insignificantly different from zero in any year, but cumulative TFP over fifteen years is indeed positive. |
| 主题 | Econometrics ; Estimation Methods ; Development and Growth ; Country Studies |
| URL | https://www.nber.org/papers/w10197 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567825 |
| 推荐引用方式 GB/T 7714 | Robert C. Feenstra,Marshall B. Reinsdorf. Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10197.pdf（272KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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