Call for Papers
The International Conference on Index Number

Theory and the Measurement of Prices and Productivity

            This is a call for papers for a conference on the state of the art in index number theory and on economic measurement more generally.  Without a proper decomposition of values into price and quantity components, it is not possible to measure the productivity of a sector of an economy.  Thus one of the main purposes of the conference is to bring together academic economists, who are interested in measurement problems, with research staff in national and international statistical agencies in order to develop improved and practical methods for measuring price and quantity change in industries where this has proved difficult.

            The conference will be held on June 30-July 2, 2004 in Vancouver, British Columbia.  The program committee for the conference consists of Erwin Diewert (University of British Columbia and NBER/CRIW), John Greenlees (U.S. Bureau of Labor Statistics and CRIW), Charles Hulten (University of Maryland and NBER/CRIW), Bert M. Balk (Statistics Netherlands and Erasmus University, Rotterdam), Dennis Fixler (U.S. Bureau of Economic Analysis and CRIW), Kevin Fox (University of New South Wales) and Alice Nakamura (University of Alberta and CRIW).

            The program committee welcomes submissions of abstracts for consideration for inclusion in the program.  Examples of possible topics are the following:

·             Measuring the output of service sector industries that are conceptually difficult to measure such as construction or auditing where the “products” may be one of a kind.

·             Measuring the output of networked commodities such as telecommunications.

·             How to define prices for commodities that involve uncertainty or risk; e.g., insurance and gambling.

·             The measurement of the outputs of the financial sector.

·             The measurement of the price of owner occupied housing.

·             The construction of price and quantity indexes that involve seasonal commodities.

·             Hedonic regression techniques.

·             Cross country or regional price and quantity comparisons.

·             The treatment of consumer durables in consumer price indexes.

·             The measurement of capital; e.g., what is the “right” user cost formula to use; how can objective estimates of depreciation rates be obtained; how to deal with situations where depreciation depends on the use of the asset (rather than just its age)?

·             The treatment of labor in productivity measurement.

·             The measurement of productivity.

·             The treatment of R&D both on the cost side as well as on the benefit side.

·             The measurement of medical output.

·             The measurement of mail output in the light of the internet.

·             The measurement of entertainment output.

·             The treatment of advertising.

·             The measurement of the output in the nonprofit sector.

·             Stock market indexes.

·             The treatment of stock options in the national accounts.

·             The measurement of household production and household welfare.

·             Alternative approaches to index number theory.

·             The use of scanner data in constructing price indexes.

·             Sampling problems.

            The above list of topics is meant to be illustrative.  Any contribution that involves economic measurement and that has specific implications for statistical agencies will be considered.  The organizers will also consider surveys of any of the above areas.

            Travel expenses (discount airfares, or contributions toward the costs of travel otherwise) and up to 5 nights at the conference hotel will be covered for paper presenters and discussants. 

            If you are interested in participating, please submit an abstract by October 30, 2003 to:

Professor Erwin Diewert, Department of Economics, University of British Columbia, Vancouver, B.C., Canada, V6T 1Z1 or by email: diewert@econ.ubc.ca

For those whose abstract is accepted, a version of the full paper must be submitted by March 1, 2004.  The organizing committee will decide which papers are to be presented and will also extend invitations to participate as discussants to some of those whose papers are not accepted.