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CONSTANT ELASTICITY OF SUBSTITUTION INDEX

Statistics Directorate    
Definition:
A family of price indices that allows for substitution between products. Within an elementary aggregate, the Jevons index is a particular case of a constant elasticity of substitution index. Another case is the Lloyd-Moulton index.

Source Publication:
ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Producer Price Index Manual: Theory and Practice, International Monetary Fund, Washington DC.

Hyperlink:
http://www.imf.org/external/np/sta/tegppi/index.htm

Statistical Theme: Prices and purchasing power partities

Created on Friday, July 08, 2005