Abstract
In Chapter 3 we introduced the stochastic approach and showed how this approach can be used to derive Laspeyres, Paasche and Theil-Tornqvist (TT) index numbers and their standard errors. In the last three chapter we used these index numbers to measure changes in prices within a time-series context. In this chapter we demonstrate the use of the stochastic approach in deriving index numbers formulae for multilateral spatial comparisons.
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© 1994 E. A. Selvanathan and D. S. Prasada Rao
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Selvanathan, E.A., Rao, D.S.P. (1994). Index Numbers For Spatial Comparisons. In: Index Numbers. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23594-0_6
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DOI: https://doi.org/10.1007/978-1-349-23594-0_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-61072-5
Online ISBN: 978-1-349-23594-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)