1,721,173 research outputs found
Introduction to Measurement with Theory.
Get PDFThis paper is the introduction to the forthcoming Macroeconomic Dynamics Special Issue on Measurement with Theory. The Guest Editors of the special issue are William A. Barnett, W. Erwin Diewert, Shigeru Iwata, and Arnold Zellner. The authors of this detailed introduction and commentary are William A. Barnett, W. Erwin Diewert, and Arnold Zellner. The included papers are part of a larger initiative to promote measurement with theory in economics.Measurement; index number theory; aggregation theory.
The Challenge of Total Factor Productivity
No full textIn this article, as part of the symposium on total factor productivity, Erwin Diewert of the University of British Columbia provides a comprehensive discussion of what is needed to develop reliable measures of total factor productivity in terms of output and the different classes of inputs. He concludes that the current system of industry statistics in all advanced countries has not kept up with the evolution of the economy from primary and manufacturing production to the production of services and that if we want accurate measures of total factor productivity at the industry level, statistical agencies must be given additional resources.Measurement, Total Factor Productivity, Output, Input, Classification, Industry Statistics, Manufacturing, Services, Data Collection, Data Requirements, Growth, Labor, Labour, Capital, Inventories, land, resources, innovation, infrastructure, price index
Measuring the contributions of productivity and terms of trade to Australia’s economic welfare
No full textIn this consultancy report for the PC, Erwin Diewert and Denis Lawrence of Meyrick and Associates identify and implement improvements in practical welfare measurement beyond the conventional average income or GDP per capita measure, and gauge the welfare contributions of productivity and the terms of trade. They find that productivity growth has been the major long-term source of increased prosperity
The Theory of Monetary Aggregation (book front matter)
Get PDFThis is the front matter from the book, William A. Barnett and Apostolos Serletis (eds.), The Theory of Monetary Aggregation, published in 2000 by Elsevier in its Contributions to Economic Anaysis mongraph series. The front matter includes the Table of Contents and the Introduction by Barnett and Serletis and the Preface by W. Erwin Diewert. The volume contains a unified collection and discussion of W. A. Barnett's most important published papers on financial aggregation theory and monetary economics.monetary aggregation, money demand, Divisia, Divisia monetary aggregates, index number theory, aggregation theory
Functional Structure and Approximation in Econometrics (book front matter)
Get PDFThis is the front matter from the book, William A. Barnett and Jane Binner (eds.), Functional Structure and Approximation in Econometrics, published in 2004 by Elsevier in its Contributions to Economic Analysis monograph series. The front matter includes the Table of Contents, Volume Introduction, and Section Introductions by Barnett and Binner and the Preface by W. Erwin Diewert. The volume contains a unified collection and discussion of W. A. Barnett's most important published papers on applied and theoretical econometric modelling.consumer demand, production, flexible functional form, functional structure, asymptotics, nonlinearity, systemwide models
Measuring New Zealand’s Productivity
Get PDFThis report was prepared for the Department of Labour, Reserve Bank of New Zealand and Treasury by Dr Denis Lawrence (Tasman Asia Pacific) and Professor Erwin Diewert (University of British Columbia) under contract. The authors examine New Zealand’s market sector productivity performance using two databases. One has been prepared by the authors and contains a large number of input and output variables for the period 1972 to 1998. The second database involves data provided to the authors by officials and allows estimates to be prepared for 20 individual market sectors over the period 1978 to 1998. The authors provide estimates of New Zealand’s total factor, labour and capital productivity, using an index number based methodology. They carry out many sensitivity tests relating to different input, output and functional form specifications. Labour input specifications are found to be important. The results are compared with Australian and OECD estimates and tested for structural breaks over time. Other recent New Zealand contributions to productivity literature are reviewed and statistical measurement problems are discussed. The data and techniques used are fully documented.
The Country-Product-Dummy Method: A Stochastic Approach to the Computation of Purchasing Power Parities in the ICP
Get PDFA paper for presentation at the SSHRC Conference on Index Numbers and Productivity Measurement to be held during 30 June � 3 July, 2004 in Vancouver. The author wishes to thank Bettina Aten, Erwin Diewert, Alan Heston, Chris O�Donnell and Marcel Timmer for helpful discussions on the subject matter of this paper.
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