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 Measuring the Impact of Price Changes on Poverty
theoretical fram ew ork to capture the im pact of prices on poverty. 2. N ote that this relationship w ill be the first-order approxim ation because in this study w e ignore the substitution effect of price changes. 3. In this paper, expenditure and incom e are interchangeably used as a w elfare m e...
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theoretical fram ew ork to capture the im pact of prices on poverty. 2. N ote that this relationship w ill be the first-order approxim ation because in this study w e ignore the substitution effect of price changes. 3. In this paper, expenditure and incom e are interchangeably used as a w elfare m easure. 4. This function is also referred to as the cost function in the literature. See D eaton and M uellbauer (1980). 5. This equation is based on Hick’s (1946) com pensation variation CV = [e(u,p*) - e(u,p)], w
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http://www.undp-povertycentre.org/pub/IPCWorkingPaper33.pdf#page=17
www.undp-povertycentre.org/pub/IPCWorkingPaper33.pdf#page=17
theoretical fram ew ork to capture the im pact of prices on poverty. 2. N ote that this relationship w ill be the first-order approxim ation because in this study w e ignore the substitution effect of price changes. 3. In this paper, expenditure and incom e are interchangeably used as a w elfare m easure. 4. This function is also referred to as the cost function in the literature. See D eaton and M uellbauer (1980). 5. This equation is based on Hick’s (1946) <span class="highlight">com</span> pensation variation CV = [e(u,p*) - e(u,p)], w
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