Some observations on the log-change index numbers and their connection with the factorial indexes |
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Authors: | K S Banerjee |
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Institution: | 1. Department of Mathematics, University of Maryland Baltimore County, 21228, Catonsville, Maryland, USA
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Abstract: | The paper makes a few comments on the characterizations of the log-change index numbers, and then builds up a link between the log-change indexes and the factorial indexes (Stuvel's indexes). It is also suggestedinter alia that log-change index numbers tend to ignore the effect of interaction between price and quantity (consumption) on the expenditure, in contrast to what is admitted by the factorial model. |
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