The Review of Economics and Statistics Vol. 58 No. 4 1976
The Meaning and Measurement of the Real Value Added Index
Abstract
i vt= it yjtyjtV(( ) where viVi is nominal value added in industry i and yjYj the nominal GNE on good j. We have vitVit qitQ t mitMit (2) where qQ is the value of gross product and mM the cost of materials.' We wish to maintain the fundamental national-income identity (1) in constant prices, too. This is possible when we evaluate both outputs and inputs in uniform prices, say, of the base year. Then, we have
- DOI
- 10.2307/1935875
- Volume
- 58
- Issue
- 4
- Pages
- 434
- Sources
- openalex crossref