DEFENCE SPECIFIC INFLATION: A CANADIAN PERSPECTIVE
Author: SOLOMON, BINYAM
Source: Defence and Peace Economics, Volume 14, Number 1, 1 January 2002 , pp. 19-36(18)
Abstract:This paper presents a brief description of the Canadian Department of National Defence (DND) price trend model and the associated chained Laspeyres defence specific price index. The paper also discusses the theoretical justification for and against defence specific inflation (DSI) and presents empirical evidence that explains DSI. Comparative analysis is also conducted with other popular price indices such as the Gross Domestic Product (GDP) deflator and the Consumer Price Index (CPI).
Document Type: Research Article
Affiliations: Department of Economics, University of York Heslington, York YO10 5DD, England and Strategic Finance and Economics (DB 5) 8 North Tower, NDHQ, Department of National Defence Ottawa, Canada K1A 0K2
Publication date: January 1, 2002