Consistent Level Aggregation and Growth Decomposition of Real GDP

• المؤلف الرئيسي: Dumagan, Jesus C.
• التنسيق: text
• منشور في: Animo Repository 2014
• الموضوعات: Real GDP; relative prices; index numbers; aggregation; additivity; Growth and Development
• الوصول للمادة أونلاين: https://animorepository.dlsu.edu.ph/res_aki/52; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1069&context=res_aki

This paper formulates a general framework for consistent level aggregation and growth decomposition of real GDP. However, the focus is on US GDP in chained prices based on the Fisher index since this GDP motivated this paper’s purposes. These are to explain why problematic residuals‒in contributions...