Introduction to Price and Productivity Measurement for Housing

Introduction to Price and Productivity Measurement for Housing

This paper provides a brief introduction to a proposed new opportunity cost treatment of owner occupied housing in measures of inflation for the United States. In addition, the paper introduces, and provides links to, a collection of nine other papers that discuss various aspects of the treatment of owner occupied housing in measures of inflation for a number of nations including Canada, German...

Shadow Price Approach to Productivity Measurement

The Fisher ideal total factor productivity (TFP) index requires complete quantity and price information. If input-output quantities are allocatively efficient, the Fisher index can be approximated by the Malmquist TFP index, which does not require price information. This paper elaborates on the conditions under which the Malmquist and Fisher indexes are equivalent. Drawing from these insights, ...

Discussion of Land and Housing Price Measurement in China

This paper is a good example of how solid research can support the policy decision process. Based on housing and land transaction data, the authors use the hedonic approach to calculate constant quality housing price and land price indices in 35 Chinese cities. This new and unique dataset on residential land transactions at the city level is by itself an important contribution, and the statisti...

DEVELOPMENT OF PRODUCTIVITY MEASUREMENT AND ANALYSIS FRAMEWORK FOR MANUFACTURING COMPANIES

The purpose of this research is to present an alternative approach for measuring productivity in manufacturing companies. To achieve the research objective, an in depth investigation on the existing productivity measurement and analysis practices of a case manufacturing company has been carried out through both qualitative and quantitative approaches. The investigation result has shown that the...

Introduction: inequality and housing