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ERIC Number: ED428780
Record Type: RIE
Publication Date: 1999-Apr
Pages: 100
Abstractor: N/A
Reference Count: N/A
ISBN: ISBN-0-16-050001-X
Measuring Inflation in Public Libraries: A Comparison of Two Approaches, the Input Cost Index and the Cost of Services Index. Statistical Analysis Report.
Chambers, Jay C.; Vergun, Robert
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)
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).
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: National Center for Education Statistics (ED), Washington, DC.
Authoring Institution: American Institutes for Research, Washington, DC.