The performance of a ‘capital certain’ Divisia index constructed using the same components included in the Bank of England’s MSI plus national savings; a ‘risky’ Divisia index constructed by adding bonds, shares and unit trusts to the list of assets included in the first index; and a capital certain simple sum index for comparison is compared. The evidence suggests that co-evolutionary strategi...

A recent note by Merrilees [15] concludes that Divisia index numbers as employed in our studies of productivity change [ l l , 141 represent a new perspective on the analysis of productivity. Merrilees concludes further that Divisia index numbers are appropriate for the explanation of productivity change, but that they should not be used for measurement. In this note we examine and reject both ...

Forests and the forest products industry contribute to climate change mitigation by sequestering carbon from atmosphere storing it in biomass, fabricating that substitute other, more greenhouse-gas-emission-intensive materials energy. This study investigates primary wood-working industries (panel, furniture, pulp paper) order determine development of emissions China during last two decades. The...

With a rapid growth rate, urbanization is casting a profound impact on both production and residential sector in China, influencing the energy consumption accordingly. Based on theoretical analysis and LMDI (Log Mean Divisia Index) method, the change of energy consumption in the two sectors is decomposed into several effects related to urbanization. According to the empirical result from 1980 t...

In this paper we compare the performance of three indices in an inflation forecasting experiment. The evidence not only suggests that an evolved neural network is superior to traditionally trained networks in the majority of cases, but also that a risky money index performs at least as well as the Bank of England Divisia index when combined with interest rate information. Notably, the provision...