Financial Innovation and Divisia Monetary Aggregates: Comment on Ford, Peng, Mullineux (1992)

B-Tier
Journal: Oxford Bulletin of Economics and Statistics
Year: 1998
Volume: 60
Issue: 2
Pages: 257-259

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This note shows that there is an error in the mathematical argument deployed by Ford et al. (1992). Once this is corrected, we see that, remarkably, the standard opportunity cost based weighting system remains appropriate even in the face of non‐neutral technical change.

Technical Details

RePEc Handle
repec:bla:obuest:v:60:y:1998:i:2:p:257-259
Journal Field
General
Author Count
1
Added to Database
2026-01-29