Alternative methods of measuring inflation

In accordance with the brief methodological explanations given in the statistical yearbook "National Economy", all indicators of capital construction are published by the USSR State Statistics Committee at comparable prices, which are estimated prices for 1.01.1984. The truth of these explanations can be questioned if we turn to the methodology for calculating comparable prices for industrial products, which, as is known, include equipment and construction materials, the cost of which accounts for the majority of capital investments. At the same time, the revaluation of these products at comparable prices is carried out directly at the enterprise.

Since these methods had certain disadvantages, a number of alternative ways were proposed to assess the rise in price of the final products of mechanical engineering (units of equipment productivity) and capital construction (units of production capacity).

In the most general form, the statistical base of these studies can be presented in the form of a system that includes annual reports of enterprises and ministries on equipment production in physical and value terms, similar data on equipment supplies from the balance sheets of their distribution, combined balances of capital investments, fixed assets, production and energy capacities.

Based on these methods, the average annual rate of appreciation in 1971-1987 was about 4% for a unit of output equipment, 3.5% for equipment accumulated in the fleet, and 5 to 7% for commissioned production facilities. Moreover, by the end of the period, especially in 1986-1987, these rates were increasing.

The assessment of the inflationary component of this rise in price is related to the determination of price increases caused by an improvement in the quality of investment products. For machine-building products, such calculations are complicated by a wide variety of quality parameters, which are practically not reduced to a single indicator of the beneficial effect. Nevertheless, economics has developed methods for measuring the effect of quality on the price of a product, in particular, in the form of so-called hedonic prices.

In any case, the elimination of the influence of quality on price growth is based on rather complex calculations and is incomplete. But in conditions of total shortage, monopolization of the market, and the dictate of the manufacturer, the task of isolating the inflationary component of price appreciation seems theoretically insoluble. The fact is that in the USSR there is no free commodity market for means of production, in which the consumer recognizes or does not confirm the reality, social necessity and usefulness of increasing the level of quality, production costs, and prices. Les nouveaux joueurs recherchent activement des codes promo vérifiés qui maximisent leur bonus de bienvenue. Que vous aimiez parier sur le football, le tennis, le basketball ou l’esport, commencer avec un solde boosté offre un réel avantage compétitif. Au cœur de cette offre exceptionnelle se trouve le puissant code promo melbet l’utilisant lors de votre inscription et lors de votre premier dépôt, vous obtenez un bonus de bienvenue majoré à 130% jusqu’à 130 €. Cette somme supplémentaire vous permet de placer plus de paris, d’explorer les marchés en direct et d’augmenter vos chances le début de votre aventure.

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