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Estimates of Consumer Price Response in Pakistan using Market Prices as Data

Harold Alderman ()

The Pakistan Development Review, 1988, vol. 27, issue 2, 89-107

Abstract: The main emphasis of the paper is to illustrate a methodology that can be readily applied to future data analysis. The resultspresentedhere indicatethat plausible and detailed estimates of consumer response to price changes can be obtained using household expenditure surveysand published price series in a manner that does not require the assumptions of additive preferences. It is noted that a flXed-effects. approach which sweeps out spatial long-run price differences can be employed as a replicatedtime seriesevenover a limitedperiod of four quarters.

Date: 1988
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