Inequality, Neighbourhoods and Variation in Prices

Namrata Gulati and Abhimanyu Dadu

Working Papers from eSocialSciences

Abstract: In this study we examine the link between of income distribution and wholesale price of wheat using panel data. We have weekly time series data on prices for wheat for 3 districts in Uttar-Pradesh in India obtained from the Department of Economics and Statistics of the Ministry of Agriculture, Government of India (DES-MOA, GOI) for the period 2006-2011. Gini coefficient is calculated on the basis of consumption expenditure collected by National Sample Survey Organisation of India. We find that there is inverted-U shape relation between inequality and level of price for wheat: if we compare a cross-section of societies over the period of time, then price of food grain initially increases with increase in inequality but after a point it starts declining. WP-2014-001

Keywords: Kalman Filter; Inequality; Prices; Neighborhood; Panel; uttar pradesh; Department of Economics; weekly time series (search for similar items in EconPapers)
Date: 2016-05
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