Of economics and statistics: the “Gerschenkron effect”

The “Gerschenkron effect” refers to the purported biases of early-weighted and late-weighted indices of production. If production is properly measured in what economists mean by “real” terms, the “Gerschenkron effect” does not exist at all.

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Bibliographic Details
Published inPSL quarterly review Vol. 72; no. 290; pp. 195 - 205
Main Author Stefano Fenoaltea
Format Journal Article
LanguageEnglish
Published Associazione Economia civile 01.09.2019
Subjects
gerschenkron effect
measurement
production
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Summary:The “Gerschenkron effect” refers to the purported biases of early-weighted and late-weighted indices of production. If production is properly measured in what economists mean by “real” terms, the “Gerschenkron effect” does not exist at all.
ISSN:2037-3635
2037-3643
DOI:10.13133/2037-3643_72.290_2