Decomposing the Changes of the Divisia Price Index: Application to Inflation in the Philippines
AbstractWe propose a method to decompose the logarithmic change of the Divisia price index into the pure price effect, the prefernce 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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Bibliographic InfoPaper provided by Singapore Management University, School of Economics in its series Working Papers with number 06-2011.
Length: 13 pages
Date of creation: Mar 2011
Date of revision:
Publication status: Published in SMU Economics and Statistics Working Paper Series
Other versions of this item:
- Tomoki Fujii, 2013. "Decomposing the changes of the Divisia price index: application to inflation in the Philippines," Economics Bulletin, AccessEcon, vol. 33(1), pages 545-556.
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-05 (All new papers)
- NEP-MAC-2011-09-05 (Macroeconomics)
- NEP-SEA-2011-09-05 (South East Asia)
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- Fujii, Tomoki, 2013.
"Impact of food inflation on poverty in the Philippines,"
Elsevier, vol. 39(C), pages 13-27.
- Tomoki Fujii, 2011. "Impact of food inflation on poverty in the Philippines," Working Papers 14-2011, Singapore Management University, School of Economics.
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