• CPI Aggregation: A New Weighting Scheme

    Author(s):
    A.F.M. Ataur Rahman, Noor Md. Wasi Uddin
    Editor(s):
    Alim Al Ayub Ahmed (see profile)
    Date:
    2012
    Group(s):
    Archives, Asian Business Review
    Item Type:
    Article
    Permanent URL:
    http://dx.doi.org/10.17613/428n-sh97
    Abstract:
    Consumer Price Index (CPI) of a particular region is primarily calculated through aggregation of individual household observations. This aggregation is done following two schemes, plutocratic and democratic. While both of them are useful for certain purposes, none of them actually give proper attention to poor households. In this study, we have shown that weighting scheme with certain mathematical characteristics can actually produce CPI, which can represent poor households better and thus can be more useful for development-oriented policymaking.
    Metadata:
    Published as:
    Journal article    
    Status:
    Published
    Last Updated:
    5 years ago
    License:
    Attribution-NonCommercial

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