English
Ciência-IUL
Publicações
Descrição Detalhada da Publicação
Combining micro and macro data in hedonic price indexes
Título Revista
Statistical Methods and Applications
Ano (publicação definitiva)
2017
Língua
Inglês
País
Alemanha
Mais Informação
Web of Science®
Scopus
Google Scholar
Abstract/Resumo
This paper proposes arithmetic and geometric Paasche quality-adjusted price indexes that combine micro data from the base period with macro data on the averages of asset prices and characteristics at the index period. The suggested indexes have two types of advantages relative to traditional Paasche indexes: (i) simplification and cost reduction of data acquisition and manipulation; and (ii) potentially greater efficiency and robustness to sampling problems. A Monte Carlo simulation study and an empirical application concerning the housing market illustrate some of those advantages.
Agradecimentos/Acknowledgements
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Palavras-chave
Paasche price index,Imputation hedonic method,Quality adjustment
Classificação Fields of Science and Technology
- Matemáticas - Ciências Naturais
