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Household Welfare during Crisis and Adjustment in Ghana

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  • Sarris, Alexander H

Abstract

A model of the producing and consuming household is developed and used to derive comparative static indicators of real welfare changes between periods that depend on observable data. Supply and demand models are then used to extend the model to a piecewise linear approximation of multi-period non-linear welfare changes. The framework is applied to Ghana, by specifying three poor and two non-poor groups based on micro-survey data, that comprise the whole population. Analysis of representative households suggest that real incomes of all households declined in the period before the Economic Recovery Program, and have risen afterwards. The changes in real incomes, however, are due to different reasons for each household class, depending on their structure of income. Copyright 1993 by Oxford University Press.

Suggested Citation

  • Sarris, Alexander H, 1993. "Household Welfare during Crisis and Adjustment in Ghana," Journal of African Economies, Centre for the Study of African Economies, vol. 2(2), pages 195-237, October.
    • Handle: RePEc:oup:jafrec:v:2:y:1993:i:2:p:195-237
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    Cited by:

    1. Maxwell, Daniel, 1999. "The Political Economy of Urban Food Security in Sub-Saharan Africa," World Development, Elsevier, vol. 27(11), pages 1939-1953, November.
    2. Maxwell, Daniel G., 1998. "The political economy of urban food security in Sub-Saharan Africa," FCND discussion papers 41, International Food Policy Research Institute (IFPRI).
    3. Migdalas, A. & Baourakis, G. & Kalogeras, N. & Meriem, H. B., 2004. "Sector modeling for the prediction and evaluation of Cretan olive oil," European Journal of Operational Research, Elsevier, vol. 152(2), pages 454-464, January.

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