A discussion of different methods of constructing regional welfare weights

Haluk Sezer ()

Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano

Abstract: Income per capita is an important and hence widely used measure in the construction of social welfare weights. This paper, however, aims to discuss the construction of social welfare weights based not merely on Income per capita but on equally distributed equivalent income (EDEI). For example, the use of EDEI allows the intra-regional distribution of income to be taken directly into account when constructing regional welfare weights. Based on the data regarding two contrasting geographical regions of Turkey, the paper aims to demonstrate the impact of using EDEI, as opposed to unadjusted per capita income, on the magnitudes of calculated regional welfare weights. The EDEI method would be useful for the purpose of constructing regional welfare weights for application in the appraisal of social projects within the EU

Keywords: regional welfare weights; cost-benefit analysis; elasticity of marginal utility of income (search for similar items in EconPapers)
JEL-codes: C60 C61 (search for similar items in EconPapers)
Date: 2006-10-13
New Economics Papers: this item is included in nep-geo
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Persistent link: https://EconPapers.repec.org/RePEc:mil:wpdepa:2006-21

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