MULTILATERAL SYMMRETRICAL INDICES OF PRICES AND QUANTITIES: MAKINGG & APPLICATION FOR INTERNATIONAL COMPARISONS
The axiomatic theory of multilateral indices of prices and quantities is developed. The new index formula (Multilateral Symmetrical Index) is proposed. Due to it’s mathematical features Multilateral Symmetrical Index is definable for semipositive matrices of industrial outputs in natural units and outputs in current prices. Multilateral Symmetrical index meets the Circle Axiom (Test) by definition and is applicable for International Comparisons.