Evaluation of Consumption and Welfare Changes Under Economic Transition in Rural Poland

Sonya Huffman ()

Eastern European Economics, 2005, vol. 43, issue 3, 5-20

Abstract: The consumption and welfare changes under economic transition in rural Poland are evaluated using virtual prices for rationed goods in the prereform period. Rural households responded to price and real income changes during the transition from a centrally planned to a market economy. The actual changes in consumption patterns are consistent with the elasticity analysis. The results for rural Poland show a 74-86 percent decline in real household welfare, which is approximately one-half the value obtained using the actual prices. Compared with previous studies, the welfare loss for rural residents is slightly higher than the average for Poland.

Date: 2005
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