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

Author

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  • HAROLD ALDERMAN

    (International Food Policy Research Institute, Washington,D.C.,)

Abstract

The main emphasis of the paper is to illustrate a methodology that can be readily applied to future data analysis. The resultspresentedhere indicatethat plausible and detailed estimates of consumer response to price changes can be obtained using household expenditure surveysand published price series in a manner that does not require the assumptions of additive preferences. It is noted that a flXed-effects. approach which sweeps out spatial long-run price differences can be employed as a replicatedtime seriesevenover a limitedperiod of four quarters.

Suggested Citation

  • Harold Alderman, 1988. "Estimates of Consumer Price Response in Pakistan using Market Prices as Data," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 27(2), pages 89-107.
  • Handle: RePEc:pid:journl:v:27:y:1988:i:2:p:89-107
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    File URL: http://www.pide.org.pk/pdf/PDR/1988/Volume2/89-107.pdf
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    References listed on IDEAS

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    1. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 38(2), pages 112-134.
    2. Ray, Ranjan, 1982. "The testing and estimation of complete demand systems on household budget surveys," European Economic Review, Elsevier, vol. 17(3), pages 349-369.
    3. Deaton, A. S., 1975. "The measurement of income and price elasticities," European Economic Review, Elsevier, vol. 6(3), pages 261-273, July.
    4. Timmer, C. Peter, 1974. "A Model of Rice Marketing Margins in Indonesia," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 13(2), pages 1-24.
    5. Blundell, Richard & Ray, Ranjan, 1984. "Testing for Linear Engel Curves and Additively Separable Preferences Using a New Flexible Demand System," Economic Journal, Royal Economic Society, vol. 94(376), pages 800-811, December.
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    Cited by:

    1. Riaz, Khalid, 1994. "Food consumption patterns in rural Pakistan," ISU General Staff Papers 1994010108000011501, Iowa State University, Department of Economics.
    2. FAIZ MOHAMMAD & SAYYID T AHlR, 1988. "Agricultural Prices in Pakistan:A Multimarket Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 27(4), pages 577-594.
    3. Bouis, Howarth E., 1996. "A food demand system based on demand for characteristics: If there is 'curvature' in the Slutsky matrix, what do the curves look like and why?," Journal of Development Economics, Elsevier, vol. 51(2), pages 239-266, December.
    4. Yoko Niimi, 2005. "An Analysis of Household Responses to Price Shocks in Vietnam: Can Unit Values Substitute for Market Prices?," PRUS Working Papers 30, Poverty Research Unit at Sussex, University of Sussex.
    5. AHMED, Eatzat & JALIL, Abdul & IDREES, Muhammad, 2013. "Almost Ideal Demand System And Uniform Taxation In Pakistan: Econometric Evidences For Consumer Goods In Pakistan, 1984-2008," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(2), pages 207-216.
    6. Chabot, Philippe & Dorosh, Paul A., 2007. "Wheat markets, food aid and food security in Afghanistan," Food Policy, Elsevier, vol. 32(3), pages 334-353, June.
    7. Adeeba Ishaq & Mahmood Khalid & Eatzaz Ahmad, 2018. "Food Insecurity in Pakistan: A RegionWise Analysis of Trends," PIDE-Working Papers 2018:157, Pakistan Institute of Development Economics.
    8. N. A. Burney & M. Akmal, 1991. "Food Demand In Pakistan: An Application Of The Extended Linear Expenditure System," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(2), pages 185-195, May.
    9. Lubna Naz & Munir Ahmad & G.M Arif, 2018. "Estimating Food Demand System and Rural Household Welfare: A Case study from Pakistan," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 10(4), pages 55-82, December.
    10. Haider, Adnan & Zaidi, Masroor, 2017. "Food Consumption Patterns and Nutrition Disparity in Pakistan," MPRA Paper 83522, University Library of Munich, Germany.
    11. Muhammad Zulfiqar & Anwar F. Chishti, 2010. "Development of Supply and Demand Functions of Pakistan’s Wheat Crop," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 15(1), pages 91-102, Jan-Jun.
    12. Azucena Gracia Royo & Luis Miguel Albisu Aguado, 1996. "Medición de la calidad y de los efectos de los precios en la demanda de alimentos," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 6, pages 131-147, Diciembre.

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