Superlative Indices in Consumer Price Statistics: Perspective for Russia
https://doi.org/10.34020/2073-6495-2019-3-109-118
Abstract
The focus in this paper is on the superlative indices as perspective indicators for Russian price statistics. Price indices are calculated by Laspeyres formula which has a bias in measurement of price change. Superlative indices minimize this bias and on the base of economic approach and consumer choice theory Törnqvist formula has smaller bias. Superlative indices are analyzed on the ground of axiomatic approach as well. There are generalization of questions and problems which can appear in the process of superlative index adaption in price statistics in Russian.
About the Author
М. A. Kozlova
Ural State University of Economics
Russian Federation
Russian Federation
Kozlova Mariya A., PhD in Economics, Associate Professor, Department of Information Technology and Statistics
Yekaterinburg
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Review
For citations:
Kozlova М.A. Superlative Indices in Consumer Price Statistics: Perspective for Russia. Vestnik NSUEM. 2019;(3):109-118. (In Russ.) https://doi.org/10.34020/2073-6495-2019-3-109-118
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