Publication Date:
2009
Short description:
Does deflation matter for productivity measures? / Garau, Giorgio; P., Lecca; L., Schirru. - (2009).
abstract:
In this paper, we disagree on the opportunity to use the double deflation method to
produce an equilibrating system of account at a constant price. In fact, by relaxing
such a condition, by means of the single deflation method, we obtain a measure of
purchasing power transfer that can be decomposed in productivity and market
distortion. Results are presented for the evolution of the Italian economy for the
periods 1995-2002.
produce an equilibrating system of account at a constant price. In fact, by relaxing
such a condition, by means of the single deflation method, we obtain a measure of
purchasing power transfer that can be decomposed in productivity and market
distortion. Results are presented for the evolution of the Italian economy for the
periods 1995-2002.
Iris type:
2.1 Contributo in volume (Capitolo o Saggio)
List of contributors:
Garau, Giorgio; P., Lecca; L., Schirru
Book title:
Contributi di ricerca