Advances in Economic Measurement

Duangkamon Chotikapanich is an Adjunct Professor in the Department of Econometrics and Business Statistics at Monash University, Australia. Her research interests are in the measurement of income inequality and poverty, and the application of Bayesian econometrics, and have led to publications in journals such as Review of Economics and Statistics, Journal of Business and Economic Statistics, the Review of Income and Wealth, Economics Letters, Economic Record, and Economic Modelling. She is editor of the 2008 Springer book Modelling Income Distributions and Lorenz Curves. The majority of her publications are in the income distribution area, where she has made contributions towards Lorenz curve specification and estimation, the measurement of global inequality, and Bayesian inference for inequality indices. Alicia N. Rambaldi is a Professor of Economics at the University of Queensland, Australia. Her research expertise isin the area of spatial time series models with applications to modelling housing prices, international comparisons and sectoral productivity. She has published in outlets that include the Journal of Econometrics, Oxford Bulletin of Economics and Statistics, Journal of Applied Econometrics, Urban Studies, Review of Income and Wealth and Journal of Productivity Analysis. She has been on the editorial board of the Review of Income and Wealth since 2015 Nicholas Rohde is an Associate Professor in Economics at Griffith University, Australia. His research interests include: income distributions and inequality; inequality of opportunity; economic insecurity; health economics and applied econometrics. He has published work in the Journal of the Royal Statistical Society Series A, Journal of Economic Behavior & Organization, Health Economics, and Social Science and Medicine. He is currently on the Editorial Board of the Review of Income and Wealth.

Part I   Productivity Measurement.- 1. Productivity Measurement – Past, Present and Future.- 2. Symmetric Decompositions of Aggregate Output and Labour Productivity Growth: On Levels, (Non-) Additivity, and Misallocation.- 3. Efficiency Analysis with Stochastic Frontier Models using Popular Statistical Softwares.- 4. Efficiency and Productivity Analysis from a System Perspective: Historical Overview.- Part II Income Distributions and Inequality and Insecurity.- 5. Modelling Income Distributions with Limited Data.- 6. Empirical Methods for Modelling Economic Insecurity.- 7. Measuring Inequality in Health.- 8. Inequality of Opportunity:Theoretical Considerations and Recent Empirical Evidence.- Part III Index Numbers and International Comparisons of Prices and Real Expenditures.- 9. Framing Measurement Beyond GDP.- 10. Hedonic Models and House Price Index Numbers.- 11. Scanner Data, Elementary Price Indexes and the Chain Drift Problem.- 12. The Stochastic Approach to International Price Comparisons.- 13. Inconsistencies in Cross-country Price Comparisons Over Time: Patterns and Facts.