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Impacts of Economic Reform in Poland: Incidence and Welfare Changes Within a Consistent Framework

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  • Sonya Kostova Huffman

    (Iowa State University)

  • Stanley R. Johnson

    (Iowa State University)

Abstract

The costs of shortages and rationing are not captured by standard consumer price indices. Thus the change in real GDP per capita is an overestimate of welfare losses in transition economics. In this study virtual prices are used to calculate new cost-of-living indices (CLIs). The results for Polant show that from 1987 to 1992 the CLI ignoring the rationing effects is biased upward from 1.53 to 3.71 percentage points per year. Compared to the estimates of welfare loss that neglect the rationing effects during the prereform period, the estimated welfare losses that reflect the rationing are reduced by 50% using Hausman' virtual prices and by 75% using external proxy virtual prices. © 2004 President and Fellows of Harvard College and the Massachusetts Institute of Technology.

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Bibliographic Info

Article provided by MIT Press in its journal Review of Economics and Statistics.

Volume (Year): 86 (2004)
Issue (Month): 2 (May)
Pages: 626-636

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Handle: RePEc:tpr:restat:v:86:y:2004:i:2:p:626-636

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Cited by:
  1. Sonya K Huffman & Marian Rizov, 2010. "The Rise of Obesity in Transition Economies: Theory and Evidence from the Russian Longitudinal Monitoring Survey," Working Papers id:2473, eSocialSciences.
  2. Huffman, Sonya Kostova & Johnson, Stanley R., 2000. "Empirical Tests Of Impacts Of Rationing: The Case Of Poland In Transition," 2000 Annual meeting, July 30-August 2, Tampa, FL, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 21794, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  3. Lerman, Zvi & Kislev, Yoav & Kriss, Alon & Biton, David, 2001. "Agricultural Output And Productivity In The Former Soviet Republics," 2001 Annual meeting, August 5-8, Chicago, IL, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 20471, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Huffman, Sonya K. & Rizov, Marian, 2007. "Determinants of obesity in transition economies: The case of Russia," Economics & Human Biology, Elsevier, Elsevier, vol. 5(3), pages 379-391, December.
  5. Olivier Blanchard & Michael Kremer, 1997. "Disorganization," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan 38, William Davidson Institute at the University of Michigan.
  6. Lerman, Zvi & Kislev, Yoav & Kriss, Alon & Biton, David, 2001. "Agricultural Output And Productivity In The Former Soviet Republic," Discussion Papers, Hebrew University of Jerusalem, Department of Agricultural Economics and Management 14999, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
  7. Taniguchi, Kiyoshi, 2001. "A General Equilibrium Analysis Of Japanese Rice Market Trade Liberalization," 2001 Annual meeting, August 5-8, Chicago, IL, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 20660, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  8. Huffman, Sonya Kostova & Ishdorj, Ariun & Jensen, Helen H., 2005. "Consumer Choices and Welfare Gains from New, Healthy Products: A Virtual Price Approach," 2005 Annual meeting, July 24-27, Providence, RI, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 19351, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  9. Fleissig, Adrian R. & Whitney, Gerald, 2013. "Virtual prices and the impact of house rationing in Belgium on consumer choices," Explorations in Economic History, Elsevier, Elsevier, vol. 50(2), pages 308-315.
  10. Huffman, Sonya Kostova & Rizov, Marian, 2008. "The rise of obesity in transition economies: theory and evidence from Russian longitudinal monitoring survey," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 6556, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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