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Estimates of Consumer Price Response in Pakistan using Market Prices as Data

Harold Alderman
The Pakistan Development Review
Vol. 27, No. 2 (Summer 1988), pp. 89-107
Stable URL: http://www.jstor.org/stable/41259033
Page Count: 19
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Estimates of Consumer Price Response in Pakistan using Market Prices as Data
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Abstract

The main emphasis of the paper is to illustrate a methodology that can be readily applied to future data analysis. The results presented here indicate that plausible and detailed estimates of consumer response to price changes can be obtained using household expenditure surveys and published price series in a manner that does not require the assumptions of additive preferences. It is noted that a fixed-effects approach which sweeps out spatial long-run price differences can be employed as a replicated time series even over a limited period of four quarters.

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