Adjustments in Demand During Lithuania's Economic Transition

Ferdaus Hossain and Helen H. Jensen

No 18520, Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem

Abstract: Significant economic changes have occurred in Lithuania since 1992. Major market reforms were introduced through phased liberalization of producer and consumer prices. Panel data from a Lithuanian Household Budget Survey conducted during 1992-94 were used to estimate demand parameters for aggregated commodity groups. The evidence from the household survey shows the relative stability of demand parameters. Estimated price and expenditure elasticities are consistent with levels of low income countries. Households have been relatively responsive to changes in prices and total expenditure in their purchases during the period of transition.

Keywords: Demand and Price Analysis; International Development (search for similar items in EconPapers)
Pages: 21
Date: 1998
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/18520/files/wp980190.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:hebarc:18520

DOI: 10.22004/ag.econ.18520

Access Statistics for this paper

More papers in Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem
Bibliographic data for series maintained by AgEcon Search ().