An econometric analysis of the Italian cultural supply

Consuelo Nava; Maria Grazia Zoia

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arXiv · 1910.00073

An econometric analysis of the Italian cultural supply

Consuelo Nava·Maria Grazia Zoia

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Abstract

Price indexes in time and space is a most relevant topic in statistical analysis from both the methodological and the application side. In this paper a price index providing a novel and effective solution to price indexes over several periods and among several countries, that is in both a multi-period and a multilateral framework, is devised. The reference basket of the devised index is the union of the intersections of the baskets of all periods/countries in pairs. As such, it provides a broader coverage than usual indexes. Index closed-form expressions and updating formulas are provided and properties investigated. Last, applications with real and simulated data provide evidence of the performance of the index at stake.

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BibTeX RIS

Consuelo Nava, Maria Grazia Zoia. 2019-09-30. An econometric analysis of the Italian cultural supply. https://arxiv.org/abs/1910.00073

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