Measuring Inflation in Public Libraries: A Comparison of Two Approaches, the Input Cost Index and the Cost of Services Index. Statistical Analysis Report.

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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
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  Availability: 0
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  Data: Measuring Inflation in Public Libraries: A Comparison of Two Approaches, the Input Cost Index and the Cost of Services Index. Statistical Analysis Report.
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  Data: 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).
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  Data: <searchLink fieldCode="DE" term="%22Budgeting%22">Budgeting</searchLink><br /><searchLink fieldCode="DE" term="%22Cost+Indexes%22">Cost Indexes</searchLink><br /><searchLink fieldCode="DE" term="%22Costs%22">Costs</searchLink><br /><searchLink fieldCode="DE" term="%22Inflation+%28Economics%29%22">Inflation (Economics)</searchLink><br /><searchLink fieldCode="DE" term="%22Library+Expenditures%22">Library Expenditures</searchLink><br /><searchLink fieldCode="DE" term="%22Library+Funding%22">Library Funding</searchLink><br /><searchLink fieldCode="DE" term="%22Library+Services%22">Library Services</searchLink><br /><searchLink fieldCode="DE" term="%22Library+Statistics%22">Library Statistics</searchLink><br /><searchLink fieldCode="DE" term="%22Measurement+Techniques%22">Measurement Techniques</searchLink><br /><searchLink fieldCode="DE" term="%22Public+Libraries%22">Public Libraries</searchLink><br /><searchLink fieldCode="DE" term="%22Tables+%28Data%29%22">Tables (Data)</searchLink>
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  Data: 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)
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  Data: 1999
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RecordInfo BibRecord:
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    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 100
    Subjects:
      – SubjectFull: Budgeting
        Type: general
      – SubjectFull: Cost Indexes
        Type: general
      – SubjectFull: Costs
        Type: general
      – SubjectFull: Inflation (Economics)
        Type: general
      – SubjectFull: Library Expenditures
        Type: general
      – SubjectFull: Library Funding
        Type: general
      – SubjectFull: Library Services
        Type: general
      – SubjectFull: Library Statistics
        Type: general
      – SubjectFull: Measurement Techniques
        Type: general
      – SubjectFull: Public Libraries
        Type: general
      – SubjectFull: Tables (Data)
        Type: general
    Titles:
      – TitleFull: Measuring Inflation in Public Libraries: A Comparison of Two Approaches, the Input Cost Index and the Cost of Services Index. Statistical Analysis Report.
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            NameFull: American Institutes for Research, Washington, DC.
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            NameFull: Chambers, Jay C.
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            NameFull: Vergun, Robert
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              Type: published
              Y: 1999
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              Value: 978-0-16-050001-5
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