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dc.contributor.authorvon der Lippe, Peteren
dc.contributor.authorMehrhoff, Jensen
dc.date.accessioned2010-08-11T09:10:46Z-
dc.date.available2010-08-11T09:10:46Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik |cFrankfurt a. M.en
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: How Reliable are German Aggregate Price Indices? |xF2-V3en
dc.subject.jelC43en
dc.subject.jelE31en
dc.subject.jelF14en
dc.subject.ddc330en
dc.subject.keywordLaspeyres price indexen
dc.subject.keywordPaasche unit value indexen
dc.subject.keywordunit value biasen
dc.subject.keywordimported inationen
dc.subject.keywordcommodity terms of tradeen
dc.subject.keywordreal gross domestic producten
dc.titleUnit Value Bias Reconsidered-
dc.typeConference Paperen
dc.identifier.ppn654803528en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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