Articles

Statistische Hefte

, Volume 28, Issue 1, pp 271-284

The circular and time reversal tests reconsidered in economic price index theory

  • Walter BossertAffiliated withInstitut für Wirtschaftstheorie und Operations Research, Universität Karlaruhe
  • , Andreas PfingstenAffiliated withInstitut für Wirtschaftstheorie und Operations Research, Universität Karlaruhe

Rent the article at a discount

Rent now

* Final gross prices may vary according to local VAT.

Get Access

Abstract

In this paper, a generalized definition of the well known economic price index is used to derive some similarities and dissimilarities between statistical and economic price index theory. The relationships between statistical and economic index numbers are analyzed by means of two tests taken from axiomatic (statistical) approaches which can also be formulated in an economic context.