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The Valuation Of Non-Monetary Consumption

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Author Info
Christophe Muller () (Universidad de Alicante)

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Abstract

Many social indicators are based on household consumption information. The valuation of non-monetary operations is crucial for the analysis of consumption surveys in developing countries because of the importance of own-consumption and transfers in kind. What are the price statistics used in the valuation of consumption indicators? How is the available price information exploited to produce consumption indicators? How can the different steps of the valuation process be analysed? We explore these questions by presenting the valuation method for the consumption used in rural Rwanda for the 1983 consumption survey, and by proposing a general model of valuation algorithm. This is useful not only for improving such algorithms, but also for assessing the impact of the valuation process on economic analyses.

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File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2004-10.pdf
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File Function: Fisrt version / Primera version, 2004
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Publisher Info
Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2004-10.

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Length: 19 pages
Date of creation: Mar 2004
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Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:2004-10

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Keywords: Household surveys; Data processing; Consumption analysis; Valuation method; Prices; Demand Systems; Poverty Analysis.;

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  1. Deaton, A., 1990. "Price Elasticities From Surveys Data: Extensions And Indonesian Results," Papers 69, World Bank - Living Standards Measurement.
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  2. Philipson, Tomas, 1997. "Data Markets and the Production of Surveys," Review of Economic Studies, Blackwell Publishing, vol. 64(1), pages 47-72, January. [Downloadable!] (restricted)
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  1. Christophe Muller, 2005. "The Measurement Of Poverty With Geographical And Intertemporal Price Dispersion. Evidence From Rwanda," Working Papers. Serie AD 2005-11, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
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