Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126809
Authors: 
Dumagan, Jesus C.
Year of Publication: 
2010
Series/Report no.: 
PIDS Discussion Paper Series 2010-16
Abstract: 
This paper derives formulas for additive "chained volume measures" (CVMs) of GDP subaggregates depending on the underlying GDP quantity index. In turn, this paper explains why the formulas used in current practice yield nonadditive CVMs. This paper's additive formulas have significant practical implications given that nonadditivity prevails in all countries that have adopted the CVM framework for GDP and considering that more countries will be adopting this framework.
Subjects: 
additivity
chained volume measure
chained index
JEL: 
C43
Document Type: 
Working Paper

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