The J-curve is a Gamma-curve Initial welfare Consequences of Price Liberalization in Eastern Europe
Bryan W. Roberts
No 295436, WIDER Working Papers from United Nations University, World Institute for Development Economic Research (UNU-WIDER)
Abstract:
A one-good, representative consumer model of the pre-reform consumer sector of transition economies is developed. An equation is derived that permits empirical estimation of the welfare effect of price liberalization. Empirical estimates are calculated for Poland and Russia. These estimates indicate that the positive benefits of eliminating the highly inefficient distribution system completely offset the negative consequences of the fall in real income suffered as a result of stabilization and reform.
Keywords: International; Development (search for similar items in EconPapers)
Pages: 50
New Economics Papers: this item is included in nep-cis
References: Add references at CitEc
Citations:
Downloads: (external link)
https://ageconsearch.umn.edu/record/295436/files/WP114.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ags:widerw:295436
DOI: 10.22004/ag.econ.295436
Access Statistics for this paper
More papers in WIDER Working Papers from United Nations University, World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().