Basic heading: Difference between revisions
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In the context of the [[International Comparison Program]] (ICP), a '''basic heading''' is "the lowest level of aggregation within the national accounts at which the expenditure and expenditure share data are available". In the ICP goods aggregation hierarchy, it is just one level above items. In the ICP hierarchy, the level above basic headings are classes.<ref name="rao-framework">{{cite web |url=http://siteresources.worldbank.org/ICPINT/Resources/270056-1255977254560/6483625-1291755426408/01_ICPBook_Framework_NEW.pdf |title=The Framework of the International Comparison Program |author=D. S. Prasada Rao |publisher=International Comparison Program |accessdate=October 27, 2017}}</ref> | In the context of the [[International Comparison Program]] (ICP), a '''basic heading''' is "the lowest level of aggregation within the national accounts at which the expenditure and expenditure share data are available". In the ICP goods aggregation hierarchy, it is just one level above items. In the ICP hierarchy, the level above basic headings are classes.<ref name="rao-framework">{{cite web |url=http://siteresources.worldbank.org/ICPINT/Resources/270056-1255977254560/6483625-1291755426408/01_ICPBook_Framework_NEW.pdf |title=The Framework of the International Comparison Program |author=D. S. Prasada Rao |publisher=International Comparison Program |accessdate=October 27, 2017}}</ref> | ||
"The ICP uses a pyramid structure similar to that used in the standard CPI compilation. Starting with a list of products, the prices of goods and services are aggregated into basic headings. These basic headings are identified on the basis of standard sample survey principles underlying the identification of strata in a stratified sampling framework. The basic headings consist of all the items which have a low dispersion of price ratios. They therefore provide reliable estimates of PPPs for the basic heading level."<ref>{{cite web |url=https://www.oecd.org/std/prices-ppp/2424597.pdf |title=2424597.pdf |accessdate=October 28, 2017}}</ref> | |||
Revision as of 21:14, 28 October 2017
In the context of the International Comparison Program (ICP), a basic heading is "the lowest level of aggregation within the national accounts at which the expenditure and expenditure share data are available". In the ICP goods aggregation hierarchy, it is just one level above items. In the ICP hierarchy, the level above basic headings are classes.[1]
"The ICP uses a pyramid structure similar to that used in the standard CPI compilation. Starting with a list of products, the prices of goods and services are aggregated into basic headings. These basic headings are identified on the basis of standard sample survey principles underlying the identification of strata in a stratified sampling framework. The basic headings consist of all the items which have a low dispersion of price ratios. They therefore provide reliable estimates of PPPs for the basic heading level."[2]
History
Examples
- Rice[1]
See also
External links
References
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