From Verónica Bäcker-Peral and Benjamin Wittenbrink of MIT: Measuring real GDP growth requires distinguishing changes in prices from changes in product quality and composition, yet systematic quality adjustment of price indexes is unavailable for much of the twentieth century. We construct a new quality-adjusted price index for U.S. consumer goods using 5.1 million product listings…
Cataloging Growth: A Re-Evaluation of 1900–1990
Cataloging Growth: A Re-Evaluation of 1900–1990
25 Jul 2026 Leave a comment
in applied price theory, economic growth, economic history, entrepreneurship, macroeconomics
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