Definition: Törnqvist volume index

Category: SNA 1993

A Törnqvist volume index is a weighted geometric average of the quantity relatives using arithmetic averages of the value shares in the two periods as weights. http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA_1993_EN.pdf
Source:
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 16.27
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