Muller, Christophe - University <Nottingham> / Department of Economics - 1998
We derive an explicit formula of the Watts’ poverty index, in terms of parametersof bivariate lognormal distributions … prices and nominal living standards in poverty; interpret the e¤ects on povertyof changes in price distributions; estimate … poverty when only means and variancesof price indices and nominal living standards are known.Using data from peasants in …