This paper tests the weak separability of the assets in the Bank of England's household-sector Divisia index from 1977Q1 to 2000Q4. The study is based on a revealed preference framework and uses a nonparametric procedure that jointly tests necessary and sufficient conditions for weak separability, allows for incomplete adjustment of expenditure on monetary services, and allows for measurement e...

In this paper a weigh ted index measure of money using the ‘Divisia’ formulation is constructed for the Taiwan economy and its in ation forecasting potential is compared with that of it s traditional simple sum counterpar t . This research extends an earlier s tudy by Gazely and Binner by examining the theory that rapid Ž nancial innovation, par ticularly during the Ž nancial liberalization of...

This paper presents a methodology for estimating an index of technological change using firm-level data in a stochastic frontier production function model that takes into account time-varying technical inefficiency. In contrast to the Solow divisia index approach, econometric estimation of the index with panel data allows the researcher to separate technical progress from the stochastic measure...

This study compares the energy intensity performance in Indonesia to other south-east Asia countries such as Vietnam, Thailand, Singapore, The Philippines and Malaysia for the period from 1971 to 2016. For this goal, this research employs a multiplicative Log Mean Divisia Index II method and Spatial-Temporal Index Decomposition Analysis. The manufacturing sector and commercial sector played a k...

Greenhouse gas (GHG) emissions from agriculture contribute to climate change. The consequences of unsustainable agricultural activity are polluted water, soil, air, and food. sector has become one the major contributors global GHG is world’s second largest emitter after energy sector, which includes power generation transport. Latvian Lithuanian generates about fifth emissions, while Estonia on...

This paper presents a method of economic factorial analysis of the CO2 emissions based on the extension of the Divisia index to interconnected factors. This approach, contrary to the Kaya identity, considers three main factors of the CO2 emissions: gross domestic product, energy consumption, and population as equally important, and allows for accounting of all of them simultaneously. The three ...