Selected Empirical Studies on Prices and Their Welfare Applications

Ranjan Ray

Chapter Chapter 5 in Household Behaviour, Prices, and Welfare, 2018, pp 89-118 from Springer

Abstract: Abstract The previous chapters have provided the concepts, analytical framework and alternative methodologies for measuring price changes and examining their implications for household welfare. In this chapter, we describe a selection of empirical studies, mostly on IndiaIndia , that implement these concepts and methodologies in measuring price changes and in providing evidence on their distributive impact on household welfare. The selected studies highlight the following aspects of price changes: (a) the effect of inflation on inequality and poverty, (b) spatial differences in prices and their changes in a large heterogeneous country such as India and CanadaCanada , (c) the link between preference specification and price measurement and (d) empirical evidence on the sensitivity of welfare conclusions to the assumed demand functional form.

Keywords: Demand Functional Form; Relative Price Changes; Almost Ideal Demand System (AIDS); Consumption Inequality; Purchasing Power Parity (PPP) (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:thechp:978-981-13-1930-3_5

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DOI: 10.1007/978-981-13-1930-3_5

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