Data/hora: 05/06/2024 18:21:13

Provedor de dados: 	31	
País: 	United States	
Título: 	Empirical Tests of Impacts of Rationing: The Case of Poland in Transition	
Autores: 	Huffman,   Sonya Kostova; Johnson,   Stanley R.	
Data: 	2006-07-13	
Ano: 	2000	
Palavras-chave: 	AIDS model; Hicksian; Poland; Rationing; Transition; Political Economy.	
Resumo: 	This study tests the theory of rationing, examining changes in household consumption behavior during the transition to a market economy in Poland, 1987–92. A model of consumption under rationing is developed and fitted to prereform quarterly data from the Polish Household Budget Survey. Virtual prices, prices at which consumers would have voluntarily chosen the rationed levels of goods, are derived for food and housing. The prereform Almost Ideal Demand System (AIDS) model with rationing is estimated. Estimates from the virtual AIDS yield plausible values for price and income elasticities. The AIDS model (without rationing) is also fitted to postreform quarterly household survey data for comparison and evaluation. When the two sets of results are compared, the impacts of rationing are consistent with the theory. Own-price elasticities for nonrationed goods are larger after the reform, and there is increased complementarity and decreased substitutability for the nonrationed goods. The results for Poland show a 75 percent decline in real household welfare over the transition and this welfare loss is one-third the value obtained using reported prices.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	23037

http://purl.umn.edu/18613	
Editor: 	AgEcon Search	
Relação: 	Iowa State University&gt;Center for Agricultural and Rural Development&gt;CARD Working Paper Series

CARD Working Paper 00-WP 237	
Formato: 	27

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