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BASE-COUNTRY INVARIANCE

Statistics Directorate    
Definition:
The index-number property that involves the symmetrical treatment of all countries, with the result that the relative index-number standings of the countries are not affected by the choice of the reference (numeraire) country.

Source Publication:
Handbook of the International Comparison Programme, Studies in Methods, Series F, No. 62, United Nations Department of Economic and Social Development, Statistical Division, New York, 1992, Glossary

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Hyperlink:
http://unstats.un.org/unsd/methods/icp/ipco_htm.htm

Statistical Theme: Prices and purchasing power partities

Created on Thursday, February 06, 2003