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| Definition: |
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Chained index weighting is an alternative way of weighting together the subaggregates that form GDP. The key difference to the fixed-weight aggregation, used in most countries, is that the prices are continuously updated and that "substitution bias" is avoided and that measures are independent of the choice of base year.
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| Source
Publication: |
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The OECD Economic Outlook: Sources and Methods.
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| Statistical
Theme: National accounts |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Friday, March 28, 2014 |
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