CoPS/IMPACT Working Paper Number C13-01

Title: Small-change Computations of Price and Quantity Indices

Author: Mark Horridge


This document compares several methods of computing price and quantity indices, with special reference to the small-change computations used by GEMPACK. It also discusses the problem of 'path-dependence' that might arise when using change equations which have no corresponding levels form. Accompanying worked examples, using Excel and GEMPACK, can be downloaded from item TPMH0049 in the CoPS archive.

JEL classification: C43, E31, O47

Keywords: Price Index, Quantity Index, Divisia, Path Dependence

Working Paper Number C13-01 can be downloaded in PDF format. To print this you will need the Adobe Acrobat Reader.

Go to working papers page