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The Valuation Of Non-Monetary Consumption

Author

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  • Christophe Muller

    (Universidad de Alicante)

Abstract

Many social indicators are based on household consumption information. The valuation of non-monetary operations is crucial for the analysis of consumption surveys in developing countries because of the importance of own-consumption and transfers in kind. What are the price statistics used in the valuation of consumption indicators? How is the available price information exploited to produce consumption indicators? How can the different steps of the valuation process be analysed? We explore these questions by presenting the valuation method for the consumption used in rural Rwanda for the 1983 consumption survey, and by proposing a general model of valuation algorithm. This is useful not only for improving such algorithms, but also for assessing the impact of the valuation process on economic analyses.

Suggested Citation

  • Christophe Muller, 2004. "The Valuation Of Non-Monetary Consumption," Working Papers. Serie AD 2004-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    • Handle: RePEc:ivi:wpasad:2004-10
    as

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    File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2004-10.pdf
    File Function: Fisrt version / Primera version, 2004
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    References listed on IDEAS

    as
    1. Deaton, Angus, 1988. "Quality, Quantity, and Spatial Variation of Price," American Economic Review, American Economic Association, vol. 78(3), pages 418-430, June.
    2. von Braun, Joachim & Haen, Hartwig de & Blanken, Juergen, 1991. "Commercialization of agriculture under population pressure: effects on production, and nutrition in Rwanda," Research reports 85, International Food Policy Research Institute (IFPRI).
    3. Angus Deaton, 1991. "Price Elasticities from Survey Data: Extensions and Indonesian Results," International Economic Association Series, in: Marc Nerlove (ed.), Issues in Contemporary Economics, chapter 10, pages 253-283, Palgrave Macmillan.
    4. Christophe Muller, 1992. "Estimation des consommations de producteurs agricoles d'Afrique centrale," Économie et Prévision, Programme National Persée, vol. 105(4), pages 17-34.
    5. Tomas Philipson, 1997. "Data Markets and the Production of Surveys," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(1), pages 47-72.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Christophe Muller, 2008. "The Measurement Of Poverty With Geographical And Intertemporal Price Dispersion: Evidence From Rwanda," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(1), pages 27-49, March.
    2. repec:dau:papers:123456789/4381 is not listed on IDEAS

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    More about this item

    Keywords

    Household surveys; Data processing; Consumption analysis; Valuation method; Prices; Demand Systems; Poverty Analysis.;
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