W Erwin Diewert
Biographic Data
| ID | 703361 |
|---|---|
| NAME | W Erwin Diewert |
| GIVEN NAMES | W Erwin |
| FAMILY NAME | Diewert |
| SIGNATURE | DIEWERT W E |
| AFFILIATIONS | University of British Columbia |
| ORCID | 0009-0000-5725-0826 |
| VERIFIED | Yes |
| TOTAL WORKS | 17 |
| TOTAL CITATIONS | 61 |
| AUTHOR COUNT | 17 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1981 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 2 |
Estimating flexible functional forms using macroeconomic data
The paper estimates a flexible functional form for a joint cost function using US aggregate data for the years 1970–2022. There are four outputs (consumption, government, investment and exports) and six inputs (imports, labour, machinery and equipment services, structure services, other capital services and land services). Curvature conditions on the joint cost function are imposed without destroying the flexibility of the functional form. Variou…
Substitution Bias in Multilateral Methods for CPI Construction
The use of multilateral indexes is increasingly an accepted approach for incorporating scanner data in a consumer price index. The attractiveness stems from the ability to be able to control for chain drift bias. Consensus on two key issues has yet to be achieved: (i) the best multilateral method to use, and (ii) the best way of extending the resulting series when new observations become available. We present theoretical and simulation evidence o…
The System of National Accounts and Alternative Approaches to the Construction of Commercial Property Price Indexes
A Comparison of Alternative Approaches to Measuring House Price Inflation
International Policy Discussion in Property Price Indices
Imputed Rent for OOH in National Account
New Estimates for the Price of Housing in the Japanese CPI
Estimation of Residential Property Price Index: Methodology and Data Sources
Property Price Index: Theory and Practice
Theoretical Background of Hedonic Measure and Repeat Sales Measure-Survey
Measuring the Services of Durables and Owner Occupied Housing
Afriat’s Theorem and some Extensions to Choice under Uncertainty
The first part of the article reviews the methodology developed by Sydney Afriat for determining whether a finite set of price and quantity data are consistent with utility maximising behaviour by a consumer. Some extensions of his basic model to models of consumer behaviour where the structure of preferences is restricted in some way are also explained. Examples of special structures are homotheticity, separability and quasi‐linearity of the uti…
The Measurement of the Economic Benefits of Infrastructure Services
1. Introduction.- 2. A Simple Producer Benef it Measure.- 3. Willingness to Pav Functions and Marginal Cost Functions.- 4. Approximate Benefit Measures.- 5. Problems with the Producer Benefit Measure.- 5.1. Static versus Dynamic Benefit Measures.- 5.2. The Problem of Endogenous Prices for Local Goods.- 5.3. The Neglect of Consumer Benefits.- 6. Alternative Approaches to Benefit Measurement.- 6.1. The Questionnaire or Sample Survey Approach.- 6.2.…
Adjusting Output and Productivity Indexes for Changes in the Terms of Trade
In this paper we employ index number theory in addressing the problem of adjusting real national income and real domestic product for changes in a country's terms of trade. More specifically, using recent developments in the theory of production, we address the problems related to measuring: (i) real output produced and real input utilized by the private business sector;(ii) productivity growth or technical change; (iii) the effects on domestic r…
The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity
Douglas W. Caves, Laurits R. Christensen, W. Erwin Diewert, The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity, Econometrica, Vol. 50, No. 6 (Nov., 1982), pp. 1393-1414
Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers
Journal Article Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers Get access Douglas W. Caves, Douglas W. Caves University of Wisconsin-Madison Search for other works by this author on: Oxford Academic Google Scholar Laurits R. Christensen, Laurits R. Christensen University of British Columbia Search for other works by this author on: Oxford Academic Google Scholar W. Erwin Diewert W. Erwin Diewert Univer…
Direct versus Implicit Superlative Index Number Formulae
ECONOMISTS and statisticians who construct estimates of total factor productivity or who estimate production functions or systems of consumer demand functions are often forced to aggregate subsets of their data. In order to perform this aggregation, an index number formula is generally used. A price index P(pO, pl, x?, xI) is defined to be a function P of the prices of the N commodities to be aggregated in periods 0 and 1,p?-(pll, . . . , PNO) an…
Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers
Journal Article Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers Get access Douglas W. Caves, Douglas W. Caves University of Wisconsin-Madison Search for other works by this author on: Oxford Academic Google Scholar Laurits R. Christensen, Laurits R. Christensen University of British Columbia Search for other works by this author on: Oxford Academic Google Scholar W. Erwin Diewert W. Erwin Diewert Univer…
Afriat’s Theorem and some Extensions to Choice under Uncertainty
The first part of the article reviews the methodology developed by Sydney Afriat for determining whether a finite set of price and quantity data are consistent with utility maximising behaviour by a consumer. Some extensions of his basic model to models of consumer behaviour where the structure of preferences is restricted in some way are also explained. Examples of special structures are homotheticity, separability and quasi‐linearity of the uti…
Adjusting Output and Productivity Indexes for Changes in the Terms of Trade
In this paper we employ index number theory in addressing the problem of adjusting real national income and real domestic product for changes in a country's terms of trade. More specifically, using recent developments in the theory of production, we address the problems related to measuring: (i) real output produced and real input utilized by the private business sector;(ii) productivity growth or technical change; (iii) the effects on domestic r…
Direct versus Implicit Superlative Index Number Formulae
ECONOMISTS and statisticians who construct estimates of total factor productivity or who estimate production functions or systems of consumer demand functions are often forced to aggregate subsets of their data. In order to perform this aggregation, an index number formula is generally used. A price index P(pO, pl, x?, xI) is defined to be a function P of the prices of the N commodities to be aggregated in periods 0 and 1,p?-(pll, . . . , PNO) an…
The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity
Douglas W. Caves, Laurits R. Christensen, W. Erwin Diewert, The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity, Econometrica, Vol. 50, No. 6 (Nov., 1982), pp. 1393-1414
Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers
Journal Article Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers Get access Douglas W. Caves, Douglas W. Caves University of Wisconsin-Madison Search for other works by this author on: Oxford Academic Google Scholar Laurits R. Christensen, Laurits R. Christensen University of British Columbia Search for other works by this author on: Oxford Academic Google Scholar W. Erwin Diewert W. Erwin Diewert Univer…
Adjusting Output and Productivity Indexes for Changes in the Terms of Trade
In this paper we employ index number theory in addressing the problem of adjusting real national income and real domestic product for changes in a country's terms of trade. More specifically, using recent developments in the theory of production, we address the problems related to measuring: (i) real output produced and real input utilized by the private business sector;(ii) productivity growth or technical change; (iii) the effects on domestic r…
The Measurement of the Economic Benefits of Infrastructure Services
1. Introduction.- 2. A Simple Producer Benef it Measure.- 3. Willingness to Pav Functions and Marginal Cost Functions.- 4. Approximate Benefit Measures.- 5. Problems with the Producer Benefit Measure.- 5.1. Static versus Dynamic Benefit Measures.- 5.2. The Problem of Endogenous Prices for Local Goods.- 5.3. The Neglect of Consumer Benefits.- 6. Alternative Approaches to Benefit Measurement.- 6.1. The Questionnaire or Sample Survey Approach.- 6.2.…
Afriat’s Theorem and some Extensions to Choice under Uncertainty
The first part of the article reviews the methodology developed by Sydney Afriat for determining whether a finite set of price and quantity data are consistent with utility maximising behaviour by a consumer. Some extensions of his basic model to models of consumer behaviour where the structure of preferences is restricted in some way are also explained. Examples of special structures are homotheticity, separability and quasi‐linearity of the uti…
The System of National Accounts and Alternative Approaches to the Construction of Commercial Property Price Indexes
A Comparison of Alternative Approaches to Measuring House Price Inflation
International Policy Discussion in Property Price Indices
Imputed Rent for OOH in National Account
New Estimates for the Price of Housing in the Japanese CPI
Estimation of Residential Property Price Index: Methodology and Data Sources
Property Price Index: Theory and Practice
Theoretical Background of Hedonic Measure and Repeat Sales Measure-Survey
Measuring the Services of Durables and Owner Occupied Housing
Substitution Bias in Multilateral Methods for CPI Construction
The use of multilateral indexes is increasingly an accepted approach for incorporating scanner data in a consumer price index. The attractiveness stems from the ability to be able to control for chain drift bias. Consensus on two key issues has yet to be achieved: (i) the best multilateral method to use, and (ii) the best way of extending the resulting series when new observations become available. We present theoretical and simulation evidence o…
Estimating flexible functional forms using macroeconomic data
The paper estimates a flexible functional form for a joint cost function using US aggregate data for the years 1970–2022. There are four outputs (consumption, government, investment and exports) and six inputs (imports, labour, machinery and equipment services, structure services, other capital services and land services). Curvature conditions on the joint cost function are imposed without destroying the flexibility of the functional form. Variou…
Economics (16 works) · Computer Science (11 works) · Econometrics (11 works) · Housing Market and Economics (9 works) · Mathematics (9 works) · Monetary Policy and Economic Impact (5 works) · Philosophy (5 works) · Property (philosophy) (5 works) · Statistics (5 works) · Economic Growth and Productivity (4 works)