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Regular version of the site

Book chapter

Econometric Estimates of Hedonic Price Indexes for Personal Computers in Russia

P. 438-450.
Redkina A., Parkhomenko A., Maslivets O.

In the last two decades considerable attention has been drawn to the methods of computing price indexes for Information and Communication Technology (ICT) products: the discussion started in the USA and then has been continued throughout the globe. Report prepared by Boskin Commission (1996) raised the problem of biases in the price indexes for ICT products: it showed that traditional matched models indexes can substantially overestimate inflation, because they are not able to measure the peculiarities of ICT industries (i.e. fast rotation of goods, huge quality differences among products on the market, short product life cycle, etc). The Commission showed that the use of matched model indexes leads to inflation rates overes­timation by 0,6% per year in the US official CPI (CPI-U). Similar results were obtained by Crawford (1998) for Canada, Lequiller (1997) for France, Shiratsuka (1999) for Japan, Hoffmann (1998) for Germany and Cunningham (1996) for the UK.

In book

Edited by: Е. Г. Ясин Кн. 1. М.: Издательский дом ГУ-ВШЭ, 2009.