The retail price index and the cost-of-living index: Testing for consistency in theory and practice

被引:2
作者
Crawford, I [1 ]
Image, I
机构
[1] Inst Fiscal Studies, London, England
[2] Off Natl Stat, London, England
关键词
D O I
10.1111/j.1475-5890.2004.tb00097.x
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper tests the published section-level price and weight data used in the compilation of the UK retail price index (RPI) for consistency with the theory of the cost-of-living index. We use a non-parametric test of theoretical consistency and bootstrap statistical methods to estimate the probability of consistency.
引用
收藏
页码:79 / 91
页数:13
相关论文
共 18 条
[1]  
Afriat S.N., 1967, Int. Econ. Rev., V8, P67, DOI [DOI 10.2307/2525382, /10.2307/2525382]
[2]  
AFRIAT SN, 1977, PRICE INDEX
[3]  
BANKS J, 1998, RELIABLE FAMILY EXPE
[4]  
BAXTER M, 1998, RETAIL PRICES INDEX
[5]   Nonparametric Engel curves and revealed preference [J].
Blundell, RW ;
Browning, M ;
Crawford, IA .
ECONOMETRICA, 2003, 71 (01) :205-240
[6]   THE POWER OF NONPARAMETRIC-TESTS OF PREFERENCE MAXIMIZATION [J].
BRONARS, SG .
ECONOMETRICA, 1987, 55 (03) :693-698
[7]  
Central Statistical Office, 1991, RET PRIC 1914 1990
[8]  
Diewert W E, 1993, Essays in index number theory
[9]   AFRIAT AND REVEALED PREFERENCE THEORY [J].
DIEWERT, WE .
REVIEW OF ECONOMIC STUDIES, 1973, 40 (03) :419-425
[10]  
EDGEWORTH FY, 1888, J ROY STAT SOC, V51, P346