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BL
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| Record Number
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890046
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| Main Entry
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Ray, Ranjan,1949-
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| Title & Author
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Household behaviour, prices, and welfare : : a collection of essays including selected empirical studies /\ Ranjan Ray.
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| Publication Statement
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Singapore :: Springer,, [2018]
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| Series Statement
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Themes in Economics, Theory, Empirics, and Policy
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| Page. NO
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1 online resource (442 pages)
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| ISBN
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9789811319303
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: 9811319308
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9789811319297
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9811319294
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| Notes
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4.5 Methodology for Assessing the Distributional Consequences of Price Changes.
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| Bibliographies/Indexes
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Includes bibliographical references and indexes.
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| Contents
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Intro; Foreword; Series Editors' Preface; Acknowledgements; Contents; About the Author; 1 Introduction; References; 2 Specification and Estimation of Demographic Demand Systems, Equivalence Scales with Selective Empirical Evidence; 2.1 Demand Specification; 2.2 Temporal Comparisons of Prices and Income; 2.3 Cross-Sectional Welfare Comparisons Between Households; 2.4 Alternative Technique for Estimating Equivalence Scales-Generalised Cost Scaling and Price Scaling; 2.5 Requirements for Identification of True Equivalence Scales and Their Interpretation as Cost of Children.
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2.6 Demographic Demand Systems2.6.1 Framework 1; 2.6.2 Framework 2; 2.7 UK Evidence on Equivalence Scales; 2.7.1 The Generalised Non-additive Gorman Model; 2.7.2 The Generalised Non-additive Price Scaling Model; 2.8 Australian Evidence on Equivalence Scales; 2.9 Analysis of Indian Expenditure Patterns; 2.9.1 Delta Scaled Dynamic QES; 2.9.2 Delta Scaled Dynamic LTL; 2.10 Concluding Remarks; References; 3 Alternative Approaches to Measurement of Price Movements; 3.1 Introduction; 3.2 Alternative Methods for Measuring Price Changes; 3.2.1 The True Cost of Living Index (TCLI).
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3.2.2 Fixed-Weight Price Indices and Their Application in PPP Calculations3.2.2.1 Fixed-Weight Price Indices in the Binary Context; 3.2.2.2 Fixed-Weight Price Indices in the Multilateral Country Context; 3.2.3 Stochastic Approaches to Price Measurement: The Country-Product Dummy (CPD) Model; 3.2.4 The Household Regional Product Dummy (HRPD) Model; 3.2.4.1 Specification and Estimation; 3.2.4.2 Description of the HRPD Model; 3.2.4.3 Estimation; 3.2.4.4 Estimation Steps; 3.2.5 An Engel-Based Procedure for Estimating Spatial Prices in a Large Heterogeneous Country Setting.
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3.3 Equivalence of the HRPD and Other Systems for Measuring Price Indices3.3.1 Relating to Rao (2005) System; 3.3.1.1 Interpretation of the Conditions; 3.3.1.2 Testing; 3.3.2 Relating to Diewert (2005) System; 3.3.3 Relating to Hill and Syed (2014) System; 3.4 The Dynamic HRPD Model-Specification and Estimation: Simultaneous Measurement of Spatial and Temporal Variation in Prices; 3.4.1 Introduction; 3.4.2 Estimation Steps; 3.4.3 Testing for Time-Invariant Spatial Price Indices; 3.4.4 AR(1) Structure in the Time Dimension: Introducing Price Dynamics in the Temporal Specification.
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3.4.5 Spatial Autoregressive (SAR) Error Structure: Introducing Regional Price Dependence in the Cross-Sectional Specification3.5 Concluding Remarks; References; 4 Role of Prices in Welfare Comparisons; 4.1 Introduction; 4.2 Description of the Concepts Used for Incorporating Prices in Inequality; 4.3 Spatial Price-Deflated Real Expenditure Comparisons Between Regions or Countries; 4.4 The Calculation of Price Differentials Between Regions in a Country with Special Reference to Rural-Urban Price Differences; 4.4.1 Procedure for Estimating the Rural-Urban Price Differential.
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| Abstract
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This collection of essays covers a diverse set of topics related to household behavior and welfare. Prices play a key role in several of the essays, particularly the distributional implications of price movements, and the effects of changes in relative prices on inequality and poverty. This book shows the shift in the literature on prices from being an exclusively macro topic featuring the study of inflation and cross-country comparisons to one that is firmly rooted in micro theory-based analysis of household behavior. It also includes recent developments in the poverty measurement literature, documenting the shift from the exclusively money metric and unidimensional poverty measures to multidimensional poverty encompassing a wider view of deprivation. Largely, but not exclusively, focusing on India, the book also features global comparisons of welfare. Intra country spatial comparisons along with cross country comparisons of household behavior and welfare feature in several of the essays in this book. The book also compares the effects of selected public delivery schemes in India on the health of its children. It is a useful resource for researchers and serves as reading material for advanced graduate courses on development in India and elsewhere.--
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| Subject
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Welfare economics.
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| Subject
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BUSINESS ECONOMICS-- Economics-- General.
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| Subject
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BUSINESS ECONOMICS-- Reference.
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| Subject
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Welfare economics.
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| Dewey Classification
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330.1556
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| LC Classification
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HB846.R39 2018
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