Gerschenkron effect

Gerschenkron effect

The Gerschenkron effect was developed by Alexander Gerschenkron, and claims that changing the base year for an index determines the growth rate of the index.

This description is from the OECD website [http://www.oecd.org/faq/0,2583,en_2649_34357_1799281_1_1_1_1,00.html#13609247] :


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