Of economics and statistics: the “Gerschenkron effect”

Stefano Fenoaltea

Abstract


The “Gerschenkron effect” refers to the purported biases of early-weighted and late-weighted indices of production. If production is properly measured in what economists mean by “real” terms, the “Gerschenkron effect” does not exist at all.

JEL codes: C19, C43, N00



Keywords


Measurement, production, Gerschenkron effect

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References


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DOI: https://doi.org/10.13133/2037-3643_72.290_2

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