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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (72 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Araar, Abdelkrim Prices and Welfare
    Abstract: What is the welfare effect of a price change? This simple question is one of the most relevant and controversial questions in microeconomic theory and its different answers can lead to severe heterogeneity in empirical results. This paper returns to this question with the objective of providing a general framework for the use of theoretical contributions in empirical works, with a particular focus on poor people and poor countries. Welfare measures (such as Equivalent Variation or Consumer's Surplus) and computational methods (such as Taylor's approximations or the Vartia method) are compared to test how these choices result in different welfare measurement under different price shock scenarios. As a rule of thumb and irrespective of parameter choices, welfare measures converge to approximately the same result for price changes below 10 percent. Above this threshold, these measures start to diverge significantly. Budget shares play an important role in explaining such divergence, whereas the choice of demand system has a minor role. Under standard utility assumptions, the Laspeyers and Paasche variations are always the outer bounds of welfare estimates and consumer surplus is always the median estimate. The paper also introduces a new simple welfare approximation, clarifies the relation between Taylor's approximations and the income and substitution effects, and provides an example for treating nonlinear pricing. Stata codes for all computations are provided in annex
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (62 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Araar, Abdelkrim Reforming Subsidies
    Abstract: The paper provides basic guidelines and tools for simulating subsidy reforms with Stata using a single cross-section survey. Simulations are discussed under a partial equilibrium and medium-term framework using a marginal approach. The paper distinguishes between single priced products, such as fuel or bread, and multiple priced products, such as household utilities. Part I provides basic instructions for carrying out subsidy analyses. Part II outlines economic theory and formulae for the two types of products considered. Part III illustrates the use of the Stata codes, which are downloadable from the Internet
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    Language: English
    Pages: 1 Online-Ressource (34 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Araar, Abdelkrim A Comparative Analysis of Subsidy Reforms in the Middle East and North Africa Region
    Abstract: The paper compares the distribution of energy and food subsidies across households and the impact of subsidy reforms on household welfare in the Middle East and North Africa region. The analysis uses a unified model and harmonized household data. The results show that the distribution of subsidies and the welfare effects of subsidy reforms are quite diverse across countries and products. Energy subsidies tend to be pro-rich in terms of absolute amounts, but tend to be more important for the poor in terms of expenditure shares. Instead, food subsidies are larger for the poor in absolute and relative terms. These findings do not apply everywhere, and the scale of these phenomena are different across countries and products. The welfare effect of a 30 percent reduction in subsidies can be important, especially considering the cumulated effect across products, but the cost of compensating the loss in welfare for the poor is generally low compared with the budget benefits of decreasing subsidies
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (38 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Araar, Abdelkrim The Quest for Subsidy Reforms in Libya
    Abstract: Shortly before the 2011 Libyan revolution, consumers' subsidies were rapidly increased by the regime in an effort to reduce social discontent. In the aftermath of the revolution, these subsidies became important for people's subsistence, but also a very heavy burden for the state budget. Since then, the Libyan government has been confronted with the necessity of reforming subsidies in a politically and socially complex environment. This paper uses household survey data to provide a distributional analysis of food and energy subsidies and simulate the impact of subsidy reforms on household wellbeing, poverty, and the government's budget. Despite the focus on direct effects only, the results indicate that subsidy reforms would have a major impact on household welfare and government revenues. The elimination of food subsidies would reduce household expenditure by about 10 percent and double the poverty rate while saving the equivalent of about 2 percent of the government budget. The elimination of energy subsidies would have a similar effect on household welfare, but a larger effect on poverty while government savings would be almost 4 percent of the budget. The size of these effects, the weakness of market institutions, and the current political instability make subsidy reforms extremely complex in Libya. It is also clear that subsidy reforms will call for some form of compensation for the poor, a gradual rather than a big bang approach, and a product-by-product sequence of reforms rather than an all-inclusive reform
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    ISBN: 9783030174224
    Language: English
    Pages: xvii, 98 Seiten , Diagramme
    Series Statement: Palgrave pivot
    DDC: 302.1
    RVK:
    Keywords: Social Choice/Welfare Economics/Public Choice/Political Economy ; Economic Theory/Quantitative Economics/Mathematical Methods ; Development Economics ; Welfare economics ; Economic theory ; Development economics ; Wohlfahrtsmessung ; Haushalt ; Preisänderung ; Haushalt ; Preisänderung ; Wohlfahrtsmessung
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  • 6
    Online Resource
    Online Resource
    New York, NY : Springer US | Cham : Springer International Publishing AG
    ISBN: 9780387333182 , 0387333185 , 0387258930 , 0387333177 , 0387507256
    Language: English
    Pages: 1 Online-Ressource (XXII, 394 Seiten)
    Edition: 1st ed. 2006
    Series Statement: Economic Studies in Inequality, Social Exclusion and Well-Being 2
    Parallel Title: Erscheint auch als Duclos, Jean-Yves Poverty and Equity
    DDC: 304.6
    RVK:
    RVK:
    Keywords: Vakuum ; Elektrische Entladung ; Elektrischer Durchschlag ; Armut ; Ungleichheit ; Wohlfahrtsmessung ; Methode ; Population Economic aspects ; Economic policy ; Econometrics ; Population Economics ; Economic Policy ; Quantitative Economics
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  • 7
    ISBN: 9783030174231
    Language: English
    Pages: 1 Online-Ressource (XVII, 98 Seiten)
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    DDC: 302.1
    RVK:
    Keywords: Social Choice/Welfare Economics/Public Choice/Political Economy ; Economic Theory/Quantitative Economics/Mathematical Methods ; Development Economics ; Welfare economics ; Economic theory ; Development economics ; Wohlfahrtsmessung ; Preisänderung ; Haushalt ; Haushalt ; Preisänderung ; Wohlfahrtsmessung
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
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  • 8
    Online Resource
    Online Resource
    Cham : Springer International Publishing | Cham : Springer International Publishing AG
    ISBN: 9783030174231 , 3030174239
    Language: English
    Pages: 1 Online-Ressource (XVII, 98 Seiten) , 21 illus.
    Edition: 1st ed. 2019
    Parallel Title: Erscheint auch als Araar, Abdelkrim Prices and Welfare
    DDC: 330.1556
    Keywords: Social choice ; Welfare economics ; Econometrics ; Development economics ; Social Choice and Welfare ; Quantitative Economics ; Development Economics
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  • 9
    Language: English
    Pages: 1 Online-Ressource (22 pages)
    Parallel Title: Erscheint auch als Print Version: Rodriguez-Castelan, Carlos Competition Reform and Household Welfare: A Microsimulation Analysis of the Telecommunication Sector in Ethiopia
    Abstract: This paper presents a novel method for estimating the likely welfare effects of competition reforms for both current and new consumers. Using household budget survey data from 2015/16 for Ethiopia and assuming a reform scenario that dilutes the market share of the telecommunications state-owned monopoly to 45 percent, the model predicts a 25.3 percent reduction in the price of mobile services and an increase of 4.6 million new users of mobile phone services. This reform is expected to generate a welfare gain of 1.37 percent among all consumers. Poverty rates are expected to decline by 0.31 percentage point, driven by a reduction of 0.22 percentage point for current consumers and 0.09 percentage point among new users. Inequality would increase by 0.23 Gini point since better-off consumers are more likely to reap the benefits of greater competition. This method represents a powerful tool for supporting the analysis of competition reforms in developing countries, particularly in sectors known for excluding significant segments of the population due to high consumer prices
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  • 10
    Language: English
    Pages: 1 Online-Ressource (circa 32 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8838
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Rodriguez Castelan, Carlos Distributional Effects of Competition: A Simulation Approach
    Keywords: Graue Literatur
    Abstract: Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority, particularly in developing countries where markets are often more concentrated. In this context, since the poor are typically the most affected by lack of competition, new analytical tools to assess the distributional effects of variations in market concentration in a rapid and cost-efficient manner are required. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with minimum data requirements the direct distributional effects of market concentration through the price channel. Using this simple yet novel tool, this paper also illustrates the simulated distributional effects of reducing concentration in two markets in Mexico that are known for their high level of concentration: mobile telecommunications and corn products. The results show that increasing competition from four to 12 firms in the mobile telecommunications industry and reducing the market share of the oligopoly in corn products from 31.2 percent to 7.8 percent would achieve a combined reduction of 0.8 percentage points in the poverty headcount as well as a decline of 0.32 points in the Gini coefficient
    URL: Volltext  (lizenzpflichtig)
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