The System of National Accounts and Alternative Approaches to the Construction of Commercial Property Price Indexes

Part of the Advances in Japanese Business and Economics book series (AJBE, volume 11)


How can a commercial property price index (CPPI) be defined and constructed? And what kind of relationship does the measurement of commercial property’s value have to the System of National Accounts and to concerns about national financial sectors? In order to answer such questions, this paper aims to outline the concepts that can be used to define and measure the value of commercial property, and to clarify the relationship of such measurement to the System of National Accounts and to the financial system.


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Copyright information

© Springer Japan KK, part of Springer Nature 2020

Authors and Affiliations

  1. 1.University of British ColumbiaVancouverCanada
  2. 2.National Graduate Institute for Policy Studies (GRIPS)TokyoJapan
  3. 3.Nihon University & The University of TokyoTokyoJapan
  4. 4.The University of TokyoTokyoJapan

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