A multilateral index number system based on the factorial approach
Tóm tắt
This paper examines the multilateral index number system proposed in Banerjee (1980). It is shown that the Banerjee multilateral system is consistent but not base invariant. An alternative multilateral system, consistent and base invariant, is proposed in this paper which utilizes the factorial index number formula for pairwise comparisons.
Tài liệu tham khảo
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