Valeurs, volumes et partages volume-prix: sur quelquequestions (re)soulevées par la crise sanitaire

Translated title of the contribution: Values, Volumes and Price-Volume Decompositions: On Some Issues Raised (Again) by the Health Crisis

Didier Blanchet, Marc Fleurbaey

Research output: Contribution to journalArticlepeer-review

Abstract

– The health crisis has highlighted the need for national accounts able to trace the activity and financial situations of various groups of economic agents as quickly as possible. It also raises several questions about how real GDP aggregates quantities of heterogeneous goods and services that meet very different needs, the relative priorities of which have been, at least temporarily, affected by the crisis. We focus on two aspects of this question: the theoreti-cal properties of chaining volumes at market prices for the market component of GDP and the related problems of measurement and aggregation for its non-market components. Beyond the short-term shock, the crisis provides an opportunity to revisit some substantive issues regarding the interpretation of production and volume growth indicators, issues that the post-crisis period should continue to fuel.

Translated title of the contributionValues, Volumes and Price-Volume Decompositions: On Some Issues Raised (Again) by the Health Crisis
Original languageFrench
Pages (from-to)73-90
Number of pages18
JournalEconomie et Statistique
Volume2022
Issue number532-533
DOIs
StatePublished - 2022
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Statistics and Probability
  • Sociology and Political Science
  • Economics and Econometrics

Keywords

  • aggregation
  • chained indexes
  • GDP
  • national accounts
  • price-volume decompositions
  • production and income

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