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The author provides a political economy interpretation of the rise and fall of public interest in price measurement, placing these developments in the context of the attempt by Congress and the White House to deal with growing deficits in the early to mid-1990s. He provides a detailed discussion...
Persistent link: https://www.econbiz.de/10005481869
Brief introduction to the symposium highlighting the importance of price measurement for reliable productivity estimates. Accurate price indexes are essential for reliable productivity measurement. the author points out that a one percentage point upward bias in price changes results in a one...
Persistent link: https://www.econbiz.de/10005650258
survey data: robust estimation, instrumental techniques, or rescaling in order to correct potential imperfect declarations …
Persistent link: https://www.econbiz.de/10008466040
Prais (1958) showed that the standard CPI computed by most statistical agencies can be interpreted as a weighted average of household price indexes, where the weight of each household is determined by its total expenditures. In this paper, we analytically decompose the difference between the...
Persistent link: https://www.econbiz.de/10005125974
This paper is concerned with patterns of expenditure and child welfare among female headed (FHH) and male headed households (MHH) in Tanzania as well as with the underlying cause of potentially different patterns. I estimate semiparametric Engel curves to investigate household expenditure...
Persistent link: https://www.econbiz.de/10003794027
Persistent link: https://www.econbiz.de/10003863203
We study food Engel curves among the poor population targeted by a conditional cash transfer programme in Colombia. After controlling for the endogeneity of total expenditure and for the (unobserved) variability of prices across villages, the best fit is provided by a log-linear specification....
Persistent link: https://www.econbiz.de/10003871312
This paper aims to estimate the price and income elasticities of the demand for essential commodities in Cote d’Ivoire. Using data from the 2002 Cote d'Ivoire Living Standard Survey and a theoretical framework developed by Crawford et al. (2003), we analyse price effects on the demand for...
Persistent link: https://www.econbiz.de/10008908383
We consider testing for correct specification of a nonparametric instrumental variable regression. In this ill-posed inverse problem setting, the test statistic is based on the empirical minimum distance criterion corresponding to the conditional moment restriction evaluated with a Tikhonov...
Persistent link: https://www.econbiz.de/10003550675
Poverty measures in developing countries often ignore the distribution of resources within families and the gains from joint consumption. In this paper, we extend the collective model of household consumption to recover mother's, father's and children's shares together with economies of scale,...
Persistent link: https://www.econbiz.de/10009488411