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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, Russian Presidential Academy of National Economy and Public Administration (RANEPA), 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. 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.
    3. Mubarik Ali & Abedullah, 1998. "Supply, Demand, and Policy Environment for Pulses in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 37(1), pages 35-52.
    4. repec:pru:wpaper:30 is not listed on IDEAS
    5. 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.
    6. Eatzaz Ahmad & Muhammad Arshad, 2007. "Household Budget Analysis for Pakistan under Varying the Parameter Approach," Microeconomics Working Papers 22180, East Asian Bureau of Economic Research.
    7. Abid A. Burki, 1997. "Estimating Consumer Preferences for Food, Using Time Series Data of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 36(2), pages 131-153.
    8. Muhammad Rizwan Yaseen & Irfan Mehmood & Qasim Ali, 2014. "Comparative analysis of the food and nutrients demand in developing countries: The case of main vegetable products in South Asian countries," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 60(12), pages 570-581.
    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. 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.
    13. 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.
    14. 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.
    15. 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.
    16. Muhammad Rizwan YASEEN & Imran QAISER & Nabeela KOUSAR, 2015. "Comparative analysis of the animal products consumption in developing countries: the case study of the South Asian countries," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(7), pages 332-342.
    17. 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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