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dc.contributor.authorvon der Lippe, Peteren_US
dc.contributor.authorMehrhoff, Jensen_US
dc.date.accessioned2010-08-11T09:10:46Z-
dc.date.available2010-08-11T09:10:46Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37526-
dc.description.abstractThe present paper explores, both theoretically and empirically, the bias of unit value indices as opposed to genuine price indices in foreign trade. An analysis of German data reveals conceptual and methodological differences, and their impact on economic indicators, namely imported inflation, terms of trade and gross domestic product, is quantified. By introducing a formal theory, the sources of the discrepancy can be attributed to a Laspeyres effect and a structural component, both strongly negative. Only the latter reflects the unit value bias. Thus, much attention should be paid to gaining a better understanding of the index concepts.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: How Reliable are German Aggregate Price Indices? F2-V3en_US
dc.subject.jelC43en_US
dc.subject.jelE31en_US
dc.subject.jelF14en_US
dc.subject.ddc330en_US
dc.subject.keywordLaspeyres price indexen_US
dc.subject.keywordPaasche unit value indexen_US
dc.subject.keywordunit value biasen_US
dc.subject.keywordimported inationen_US
dc.subject.keywordcommodity terms of tradeen_US
dc.subject.keywordreal gross domestic producten_US
dc.titleUnit Value Bias Reconsidereden_US
dc.typeConference Paperen_US
dc.identifier.ppn654803528-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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