Diewert, W. E. (W. Erwin)
Most widely held works by
W. E Diewert
Price level measurement by W. E Diewert (
Book
)
12
editions published
in
1990
in
English and Undetermined
and held by
309
libraries
worldwide
International trade price indexes and seasonal commodities by William F Alterman (
Book
)
3
editions published
in
1999
in
English
and held by
290
libraries
worldwide
The measurement of the economic benefits of infrastructure services by W. E Diewert (
Book
)
14
editions published
between
1985
and
1986
in
English
and held by
273
libraries
worldwide
Price index concepts and measurement
(
Book
)
15
editions published
between
2009
and
2010
in
English and Italian
and held by
242
libraries
worldwide
Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the CostofLiving Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COL
Essays in index number theory by W. E Diewert (
Book
)
21
editions published
in
1993
in
English
and held by
242
libraries
worldwide
Measurement in economics : theory and applications of economic indices by Wolfgang Eichhorn (
Book
)
8
editions published
between
1987
and
1988
in
English
and held by
196
libraries
worldwide
First discussions on several topics of this book took place at a symposium held at the University of Karlsruhe (July 14  21, 1985). The book is divided into nine parts with the headings "Methodology and Methods" (4 papers), "Prices" (9), "Efficiency" (5), "Preferences" (7), "Quality" (2), "Inequality" (6), "Taxation" (6), "Aggregation" (6), and "Econometrics" (6). The topics range from the "equation of measurement", a functional equation which plays an important role in the subject, through various approaches to price, efficiency, inequality and tax progression measurement to results on consistency, efficiency and separability in aggregation, productivity measurement, cost functions, allocation inefficiencies, key sector indices, and testing of integrability conditions in econometrics. There are applications to the economies of the U.S.A., Japan and Germany. It contains also papers which deal with preferences, environmental quality and with noxiousness of substances
Mathematical modelling in economics : essays in honor of Wolfgang Eichhorn by W. E Diewert (
Book
)
14
editions published
between
1993
and
1995
in
English and German
and held by
154
libraries
worldwide
Wolfgang Eichhorn was born on August 18, 1933 in Ansbach, Germany  most likely, under a lucky star (if not, fate must have made a mistake). Everything in his life  be it childhood, education, academic career, or private life  developed in a pleasurable and successful way. But it would be a mistake and an injustice to credit his achievements to a lucky star. First, the success and recognition he earned (in particular, for his academic achieve ments) are due to the motivation and the capabilities that he has possessed from a very early age on. His abilities are reflected in over a hundred publications in leading academic journals. All of them share the unmistakable clarity, the precision, and the originality that he is known for. He has become one of the leading and most successful advocates of a modelbased approach to economic problems, a methodology that has a long tradition in the natural (but not in the social) sciences. The rigor and the tools which are char acteristic of his work make it clear that he never denied his academic background as a mathematician. Therefore, the choice of the title for this volume was an obvious one. Second, he always shares his enthusiasm and his high spirits with many people. This may be even more remarkable than the above mentioned achievements, because this fea ture is a very rare one
Axiomatic and economic approaches to elementary price indexes by W. E Diewert (
Book
)
17
editions published
in
1995
in
English
and held by
68
libraries
worldwide
In a 1993 paper, Marshall Reinsdorf finds that the CPI components for food and gas were biased upward by about 2% and 1% per year respectively during the 1980s. He attributes this result to outlet substitution bias. The more recent paper by Reinsdorf and Moulton [1994] presents an alternative explanation for Reinsdorf's earlier results: when the BLS moved to probability sampling of prices in 1978, the micro price quotations were aggregated together using an index number formula that generates an upward bias. This paper further explores the central theoretical issue raised by the ReinsdorfMoulton paper: the choice of an index number formula to aggregate prices at the finest level of disaggregation. This issue is examined from both axiomatic and economic perspectives. This paper also reviews the empirical literature on alternative elementary price indexes, and the recent literature on sources of bias in consumer price indexes. The findings of this paper in conjunction with the empirical work of Reinsdorf and Moulton yield a number of recommendations for Statistical Agencies which are outlined in the final section
Axiomatic and economic approaches to international comparisons by W. E Diewert (
Book
)
14
editions published
in
1996
in
English
and held by
66
libraries
worldwide
The paper considers the problem of choosing a multilateral system of index numbers in order to make aggregate price and quantity comparisons between many countries and regions. The problems involved in choosing functional forms in order to make these comparisons are both theoretically and empirically more difficult than the problems involved in choosing a bilateral index number formula. The great variation in relative prices and quantities in the international context means that the choice of a multilateral method is empirically important: different methods will give very different answers. The paper reviews ten classes of multilateral methods both from the viewpoint of the axiomatic approach as well as the economic approach. A new system of 11 desirable axioms or properties for multilateral systems is suggested. With respect to the economic approach, the concept of a superlative bilateral index number formula (which can adequately model substitution effects) is adapted to the multilateral context. Each of the 10 classes of multilateral methods is evaluated from the axiomatic and economic perspectives. Four classes of methods are identified as being best' They are all superlative and satisfy slightly different sets of axioms
Price and volume measures in the System of National Accounts by W. E Diewert (
Book
)
14
editions published
in
1995
in
English
and held by
65
libraries
worldwide
The paper is an extensive review of chapter 16 in the System of National Accounts, 1993 written by Peter Hill. The basic principles for measuring price and quantity change in the National Accounts are explained. The paper also presents some new material on the consistency of superlative indexes with indexes which are additive in their components. Some new material on the treatment of quality change is also presented which indicates that traditional Statistical Agency treatments of this issue will lead to upward bias in price indexes. The literature on sources of bias in consumer price indexes is also reviewed
Productivity measurement for a distribution firm by W. E Diewert (
Book
)
11
editions published
in
1994
in
English
and held by
62
libraries
worldwide
Abstract: The paper derives a consistent accounting framework for the treatment of inventories when measuring the productivity of a distribution firm. The average purchase price of an inventory item during an accounting period must be distinguished from its average selling price and these two average prices should be distinguished from the corresponding balance sheet prices. The accounting framework is implemented for a distribution firm which sold 76,000 separate items. The firm achieved a 9.6 percent per quarter total factor productivity growth rate over 6 quarters
Measuring capital by W. E Diewert (
Book
)
12
editions published
between
2003
and
2004
in
English
and held by
48
libraries
worldwide
The paper revisits Harper, Berndt and Wood (1989) and calculates Canadian reproducible capital services aggregates under alternative assumptions about the form of depreciation, the opportunity cost of capital and the treatment of capital gains. Five different models of depreciation are considered: (1) one hoss shay; (2) straight line depreciation; (3) declining balance or geometric depreciation; (4) linearly declining efficiency profiles and (5) linearly increasing maintenance profiles. The latter form of depreciation does not seem to have been considered in the literature before. This model assumes that there is a known time profile of maintenance expenditures that can be associated with each asset and the optimal time of retirement of the asset as well as the profile of used asset prices becomes endogenous under this specification. It turns out if the maintenance profile increases linearly, then the linearly declining efficiency profile model emerges; see (4) above. We consider 3 alternative assumptions about the interest rate and the treatment of capital gains so that we evaluate 15 models in all and compare their differences. Following Hill (2000), we also consider the differences between cross section and time series depreciation and anticipated time series depreciation (which adds anticipated obsolescence of the asset to normal cross section depreciation of the asset). Finally, we follow the suggestion made by Diewert and Lawrence (2000) that a superlative index number formula be used to aggregate up vintages of capital rather than the usual assumption of linear aggregation, which implicitly assumes that the capital services yielded by each vintage of a homogeneous type of capital are perfectly substitutable
The early history of price index research by W. E Diewert (
Book
)
8
editions published
in
1988
in
English
and held by
34
libraries
worldwide
This paper examines the domestic and foreign fixed investment expenditures of a sample of U.S. multinational firms to explain empirically each type of investment and to determine whether there are significant interactions between them. Models exhibiting two types of interactions, one, financial and the other, productionbased, are explored theoretically and empirically. The financial interaction is the result of a model which assumes a risk of bankruptcy and its associated costs; under these circumstances, the firm faces an increasing cost of capital as a function of its debt/equity ratio. Domestic and foreign investment are interdependent, since, in competing for finance, each affects the cost of capital in the other location. Production interactions can arise when, because of startup costs or other factors that produce nonlinear cost functions, it may become profitable to shift production from the home to the foreign location. The hypotheses are tested on data covering the domestic and foreign operations of seven multinational firms for a period of 16 to 20 years. The firm level investment functions fit reasonably well for both domestic and foreign expenditures; an interdependence between domestic and foreign investment was confirmed frequently through the finance side, but only once via production
Export supply and import demand functions : a production theory approach by W. E Diewert (
Book
)
7
editions published
in
1986
in
English
and held by
27
libraries
worldwide
In this paper we theoretically and empirically model import demand and export supply behavior of firms for the U.S. economy from 19671982. A producer theoretic approach based on duality theory is used to derive econometric systems of producer supply and demand functions that are consistent with profit maximizing behavior. This system is then empirically implemented and the resulting estimates used to construct a full set of supply and demand elasticities characterizing import demand and export supply functions as well as domestic output supply and labor demand. These elasticities are in turn used to derive devaluation elasticities and some estimates of the equilibrium real exchange rate that would cause the U.S. trade surplus to reach zero
Productivity growth and changes in the terms of trade in Japan and the U.S. by Catherine J Morrison (
Book
)
9
editions published
between
1986
and
1988
in
English
and held by
25
libraries
worldwide
In this paper we employ a recently proposed procedure (Dlewert and Morrison[1985]) for adjusting real domestic product and productivity for changes in a country's terms of trade. We apply this procedure to a comparison of two major industrialized countries, the U.S. and Japan. The approach is based on assessing the impact on, alternatively, production or final sales to domestic purchasers, of changes in terms of trade and the balance of payments deficit in a consistent accounting framework. This treatment of international trade allows for comparative statics analysis based only on production theory. The comparison is carried out for a relatively open economy, Japan, with an economy that may not be as vulnerable to terms of trade changes, the U.S. for the years 1967 to 1982
Hedonic imputation versus time dummy hedonic indexes by W. E Diewert (
Book
)
17
editions published
between
2007
and
2008
in
English and Undetermined
and held by
25
libraries
worldwide
Statistical offices try to match item models when measuring inflation between two periods. However, for product areas with a high turnover of differentiated models, the use of hedonic indexes is more appropriate since they include the prices and quantities of unmatched new and old models. The two main approaches to hedonic indexes are hedonic imputation (HI) indexes and dummy time hedonic (HD) indexes. This study provides a formal analysis of the difference between the two approaches for alternative implementations of an index that uses weighting that is comparable to the weighting used by the Törnqvist superlative index in standard index number theory. This study shows exactly why the results may differ and discusses the issue of choice between these approaches. An illustrative study for desktop PCs is provided
Flexible functional forms and global curvature conditions by W. E Diewert (
Book
)
11
editions published
between
1984
and
1989
in
English
and held by
20
libraries
worldwide
Empirically estimated flexible functional forms frequently fail to satisfy the appropriate theoretical curvature conditions. Lau and Gallant and Golub have worked out methods for imposing the appropriate curvature conditions locally, but those local techniques frequently fail to yield satisfactory results. We develop two methods for imposing curvature conditions globally in the context of cost function estimation. The first method adopts Lau's technique to a generalization of a functional form first proposed by McFadden. Using this Generalized McFadden functional form, it turns out that imposing the appropriate curvature conditions at one data point imposes the conditions globally. The second method adopts a technique used by McFadden and Barnett, which is based on the fact that a nonnegative sum of concave functions will be concave. Our various suggested techniques are illustrated using the U.S. Manufacturing data utilized by Berndt and Khaled
Imputation and price indexes : theory and evidence from the international price program by Robert C Feenstra (
file
)
1
edition published
in
2001
in
English
and held by
0
libraries
worldwide
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Alternative Names
Diewert, Erwin Diewert, Erwin 1941 Diewert, Erwin W. 1941 Diewert, W. Diewert, W. E. 1941 Diewert, W. Erwin. Diewert, W. Erwin 1941 Diewert, Walter E. Diewert, Walter E. 1941 Diewert, Walter E. (Walter Erwin) Diewert, Walter E. (Walter Erwin), 1941 Diewert, Walter Erwin Diewert, Walter Erwin 1941 Erwin Diewert Walter Erwin Diewert, Walter Erwin Walter Erwin Diewert Canadian economist
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