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THE CASE AGAINST DIVISIA INDEX NUMBERS AS A BASIS IN A SOCIAL ACCOUNTING SYSTEM *
Author(s) -
Merrilees W. J.
Publication year - 1971
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1971.tb00768.x
Subject(s) - divisia index , economics , schema (genetic algorithms) , index (typography) , divisia monetary aggregates index , econometrics , macroeconomics , statistics , mathematics , computer science , monetary policy , central bank , quantitative easing , machine learning , world wide web , energy (signal processing) , energy intensity
The purpose of this paper is to explore the question of at what stage should Divisia index numbers be introduced–within the social accounting schema proper or in the explanatory stage following? Three major reasons are given to support the case that Divisia index numbers have no role to play in measurement, but should and do provide a powerful tool in the explanation of productivity change.