Measuring Inflation in Public Libraries: A Comparison of Two Approaches, the Input Cost Index and the Cost of Services Index. Statistical Analysis Report.
Saved in:
| Title: | Measuring Inflation in Public Libraries: A Comparison of Two Approaches, the Input Cost Index and the Cost of Services Index. Statistical Analysis Report. |
|---|---|
| Language: | English |
| Authors: | Chambers, Jay C., Vergun, Robert, American Institutes for Research, Washington, DC. |
| Availability: | U.S. Government Printing Office, Superintendent of Documents, Mail Stop: SSOP, Washington, DC 20402-9328; ED Pubs, P.O. Box 1398, Jessup, MD 20794-1398; Tel: 877-433-7827 (Toll Free). |
| Peer Reviewed: | N |
| Page Count: | 100 |
| Publication Date: | 1999 |
| Sponsoring Agency: | National Center for Education Statistics (ED), Washington, DC. |
| Document Type: | Numerical/Quantitative Data Reports - Research |
| Descriptors: | Budgeting, Cost Indexes, Costs, Inflation (Economics), Library Expenditures, Library Funding, Library Services, Library Statistics, Measurement Techniques, Public Libraries, Tables (Data) |
| ISBN: | 978-0-16-050001-5 |
| Abstract: | This report presents two approaches to measuring inflation for public libraries: (1) an approach based on a fixed-market-basket (FMB) of the prices of library inputs, which yields a public library input cost index (PLICI), and (2) an approach based on an econometric model of library services and costs, which yields a public library cost of services index (PLCSI). The PLICI represents essentially a weighted average of the series of public library input prices, while the PLCSI places emphasis on the cost of producing library services. Contains the following chapters: Chapter 1 "Introduction"; Chapter 2 "Conceptual Framework" which describes the PLICI and the PLCSI approaches in some detail. Chapter 3 "Empirical Analysis of a Public Library Input Cost Index" offers an empirical analysis of the PLICI, including an analysis of budget shares and input cost series. Chapter 4 "Empirical Analysis of Public Library Operating Expenditures and Development of the Public Library Cost of Services Index" presents the PLCSI. Chapter 5 "Concluding Remarks" concludes the report by comparing the inflation index derived from the PLCSI with that from the PLICI and suggests ways of improving the public library indexes. Thirty-two tables and indexes present statistics. A glossary is provided. Appendices include technical notes, various descriptive statistics and parameter estimates for the variables used in the regression analysis, and standard errors. (AEF) |
| Entry Date: | 1999 |
| Accession Number: | ED428780 |
| Database: | ERIC |
| Abstract: | This report presents two approaches to measuring inflation for public libraries: (1) an approach based on a fixed-market-basket (FMB) of the prices of library inputs, which yields a public library input cost index (PLICI), and (2) an approach based on an econometric model of library services and costs, which yields a public library cost of services index (PLCSI). The PLICI represents essentially a weighted average of the series of public library input prices, while the PLCSI places emphasis on the cost of producing library services. Contains the following chapters: Chapter 1 "Introduction"; Chapter 2 "Conceptual Framework" which describes the PLICI and the PLCSI approaches in some detail. Chapter 3 "Empirical Analysis of a Public Library Input Cost Index" offers an empirical analysis of the PLICI, including an analysis of budget shares and input cost series. Chapter 4 "Empirical Analysis of Public Library Operating Expenditures and Development of the Public Library Cost of Services Index" presents the PLCSI. Chapter 5 "Concluding Remarks" concludes the report by comparing the inflation index derived from the PLCSI with that from the PLICI and suggests ways of improving the public library indexes. Thirty-two tables and indexes present statistics. A glossary is provided. Appendices include technical notes, various descriptive statistics and parameter estimates for the variables used in the regression analysis, and standard errors. (AEF) |
|---|---|
| ISBN: | 978-0-16-050001-5 |
