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Direct measurement techniques have recently been employed by some statistical agencies for the government output components in the SNA. These methods use proxies and indictator for outputs due to the inherent lack of market valuations. This article investigates the pros and cons of these new approaches and compares them with the traditional input method.(More)
Bank of Canada working papers are theoretical or empirical works-in-progress on subjects in economics and finance. The views expressed in this paper are those of the author. No responsibility for them should be attributed to the Bank of Canada or Statistics Canada. Abstract Rising consumer prices may reflect shifts by consumers to new higher-priced(More)
Current cost-based approach in measuring health care output does not allow decomposition of health care expenditure into price and output components. In this paper we propose an episode-based direction measurement method which closely resembles the concept of output in the system of national accounts. Using data from the Canadian Institute for Health(More)
It is well known that late introduction of new Products into the CPI leads to an upward bias in the index. Moreover, improper treatment of quality improvement in the product will add to the upward bias. In this paper a hedonic elementary price index for accessing the Internet in Canada is constructed. We find that the quality-adjusted price index decline at(More)
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