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A multilateral index number system based on the factorial approach

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Summary

This paper examines the multilateral index number system proposed in Banerjee (1980). It is shown that the Banerjee multilateral system is consistent but not base invariant. An alternative multilateral system, consistent and base invariant, is proposed in this paper which utilizes the factorial index number formula for pairwise comparisons.

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Authors and Affiliations

  1. The University of New England, 2351, Armidale, N. S. W., Australia

    D. S. Prasada Rao

  2. University of Maryland Baltimore County, 21228, Catonsville, Maryland, USA

    K. S. Banerjee

Authors
  1. D. S. Prasada Rao
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  2. K. S. Banerjee
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Prasada Rao, D.S., Banerjee, K.S. A multilateral index number system based on the factorial approach. Statistische Hefte 27, 297–313 (1986). https://doi.org/10.1007/BF02932575

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  • DOI: https://doi.org/10.1007/BF02932575

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