Diewert, W. E. (W. Erwin)
Most widely held works by
W. E Diewert
Price index concepts and measurement
(
file
)
15
editions published
between
2009
and
2010
in
English and Italian
and held by
1,427
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
Price level measurement by W. E Diewert (
Book
)
7
editions published
between
1990
and
2014
in
English and Undetermined
and held by
310
libraries
worldwide
Among the theoretical issues covered in this volume are the ""economic"" and the ""axiomatic"" or ""test"" approaches to the problem of constructing and choosing among alternative costofliving index formulas; ""bounds"" and ""econometric"" alternatives for developing empirically computable approximations of theoretically desirable indexes; recommendations concerning the incorporation of leisure time in measures of the costofliving; and the formulation of social and group costofliving indexes. The JorgensonSlesnick paper also presents a farreaching empirical study of price changes in th
International trade price indexes and seasonal commodities by William F Alterman (
Book
)
3
editions published
in
1999
in
English
and held by
291
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
279
libraries
worldwide
Essays in index number theory by W. E Diewert (
Book
)
11
editions published
in
1993
in
English
and held by
221
libraries
worldwide
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
214
libraries
worldwide
Measurement in economics : theory and applications of economic indices
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Book
)
7
editions published
between
1987
and
1988
in
English
and held by
195
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
)
10
editions published
between
1993
and
1995
in
English and German
and held by
149
libraries
worldwide
This volume presents a collection of more than sixty papers on mathematical economics. All papers use a modelbased approach. The focus of the book is to demonstrate the stateoftheart in modelling and research in important areas of economic theory. It is divided into four parts: Part I: Economics; Part II: Operations Research and Models of the Firm; Part III: Risk, Insurance, and Statistics; Part IV: Policy and Methodology. The papers are written by international experts who have dedicated their contributions to Wolfgang Eichhorn on the occasion of his 60th birthday. Researchers as well as graduate students interested in mathematical modelling in economics will find this book a rich source of interesting and novel results
Axiomatic and economic approaches to elementary price indexes by W. E Diewert (
Book
)
17
editions published
in
1995
in
English
and held by
88
libraries
worldwide
Abstract: 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
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
86
libraries
worldwide
Abstract: 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
Axiomatic and economic approaches to international comparisons by W. E Diewert (
Book
)
7
editions published
in
1996
in
English
and held by
77
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
Hedonic imputation versus time dummy hedonic indexes by W. E Diewert (
file
)
14
editions published
between
2007
and
2008
in
English
and held by
74
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 T̲rnqvist 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
Measuring capital by W. E Diewert (
Book
)
6
editions published
between
2003
and
2004
in
English
and held by
69
libraries
worldwide
Abstract: 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
Productivity measurement for a distribution firm by W. E Diewert (
Book
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4
editions published
in
1994
in
English
and held by
67
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
Export supply and import demand functions : a production theory approach by W. E Diewert (
Book
)
5
editions published
in
1986
in
English
and held by
42
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
The marginal costs of taxation in New Zealand by W. E Diewert (
Book
)
2
editions published
in
1994
in
English
and held by
36
libraries
worldwide
The early history of price index research by W. E Diewert (
Book
)
3
editions published
in
1988
in
English
and held by
32
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
Measuring the contributions of productivity and terms of trade to Australia's economic welfare : consultancy report by W. E Diewert (
Book
)
2
editions published
in
2006
in
English
and held by
29
libraries
worldwide
Finds that "productivity improvements were the largest single source of improvements in real income followed by labour force increases and capital stock increases."  page ix
The productivity paradox and mismeasurement of economic activity by W. E Diewert (
Book
)
4
editions published
in
1998
in
English
and held by
29
libraries
worldwide
more
fewer

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
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