CoPS/IMPACT Working Paper Number C13-01

Title: Small-change Computations of Price and Quantity Indices

Author: Mark Horridge

Abstract

This document compares several methods of computing price and quantity indices, with special reference to the small-change computations used by GEMPACK. Accompanying worked examples, using Excel and GEMPACK, can be downloaded from the CoPS archive.

JEL classification: C43, E31, O47

Keywords: Price Index, Quantity Index, Divisia

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