Consistency in Aggregation of GDP Indexes and Uniqueness of Quantity and Price Effects on Growth of GDP and Aggregate Labor Productivity

• 主要作者: Dumagan, Jesus C.
• 格式: text
• 出版: Animo Repository 2017
• 主題: Growth decomposition; consistency-in-aggregation; unique growth contribution; Growth and Development
• 在線閱讀: https://animorepository.dlsu.edu.ph/res_aki/72; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1049&context=res_aki

In traditional decomposition of GDP growth in constant prices, an industry’s contribution consisted only of a quantity effect from GDP growth. Tang and Wang’s (2004, 2014) innovation added a price effect from relative price change. Dumagan (2013a, 2016) showed that Tang and Wang’s quantity and price...