2006–2010

Does Hedonic Price Indexing Change our Interpretation of Economic History? Evidence from Swedish Electrification

Särtryck nr 2010:12

Författare: Harald EdquistÅr: 2010 Publikation: Economic History Review Årgång (nr): 63 (2) Sidor: 500–523
Artikeln online (behörighet kan krävas)


Rapid price decreases for ICT products in the 1990s have been largely attributed to the introduction of hedonic price indexes.Would hedonic price indexing also have had large effects on measured price and productivity during earlier technological breakthroughs? This article investigates the impact of hedonic and matched model methods on historical data for electric motors in Sweden from 1900–35. The results show rapidly decreasing prices in the industry producing electric motors in the 1920s. However, the price decreases of electric motors in the 1920s were not on a par with price decreases for ICT equipment in the 1990s, even if hedonic indexing is used.


Referens:
Edquist, Harald (2010), "Does Hedonic Price Indexing Change our Interpretation of Economic History? Evidence from Swedish Electrification". Economic History Review 63(2), 500–523.

Aktuell forskare

Lars Calmfors

Forskningsområden: Arbetsmarknads- och makroekonomi.

Några av de frågor Lars Calmfors försöker besvara i sin forskning:

  • Orsaker till arbetslöshet?
  • Hur fungerar EMU?
  • Hur kan olika institutionella arrangemang bidra till en lämplig finanspolitik? 

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