Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines
We propose a method to decompose the logarithmic change of the Divisia price index into the pure price effect, the preference effect and the substitution effect. Our empirical results in the Philippines shows the effects of preference change on the Divisia price index are heterogeneous but positive...
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2011
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sg-smu-ink.soe_research-22622019-04-20T15:20:55Z Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines FUJII, Tomoki We propose a method to decompose the logarithmic change of the Divisia price index into the pure price effect, the preference effect and the substitution effect. Our empirical results in the Philippines shows the effects of preference change on the Divisia price index are heterogeneous but positive across all regions and income deciles. However, they are dominated by the pure price effect. 2011-03-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/1263 https://ink.library.smu.edu.sg/context/soe_research/article/2262/viewcontent/divisia_06_2011.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Divisia price index preference change decomposition Philippines Asian Studies Macroeconomics |
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Divisia price index preference change decomposition Philippines Asian Studies Macroeconomics |
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Divisia price index preference change decomposition Philippines Asian Studies Macroeconomics FUJII, Tomoki Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines |
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We propose a method to decompose the logarithmic change of the Divisia price index into the pure price effect, the preference effect and the substitution effect. Our empirical results in the Philippines shows the effects of preference change on the Divisia price index are heterogeneous but positive across all regions and income deciles. However, they are dominated by the pure price effect. |
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text |
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FUJII, Tomoki |
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FUJII, Tomoki |
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FUJII, Tomoki |
| title |
Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines |
| title_short |
Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines |
| title_full |
Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines |
| title_fullStr |
Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines |
| title_full_unstemmed |
Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines |
| title_sort |
decomposing the changes of the divisia price index: application to inflation in the philippines |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2011 |
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https://ink.library.smu.edu.sg/soe_research/1263 https://ink.library.smu.edu.sg/context/soe_research/article/2262/viewcontent/divisia_06_2011.pdf |
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