In this paper, we disagree on the opportunity to use the double deflation method to produce an equilibrating system of account at a constant price. In fact, by relaxing such a condition, by means of the single deflation method, we obtain a measure of purchasing power transfer that can be decomposed in productivity and market distortion. Results are presented for the evolution of the Italian economy for the periods 1995–2002.
Total factor producitivity surplus and purchasing power transfers: an application to the Italian economy / Garau, Giorgio; P. LECCA E. L., Schirru. - (2010).
Total factor producitivity surplus and purchasing power transfers: an application to the Italian economy
GARAU, Giorgio;
2010-01-01
Abstract
In this paper, we disagree on the opportunity to use the double deflation method to produce an equilibrating system of account at a constant price. In fact, by relaxing such a condition, by means of the single deflation method, we obtain a measure of purchasing power transfer that can be decomposed in productivity and market distortion. Results are presented for the evolution of the Italian economy for the periods 1995–2002.File in questo prodotto:
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