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application/pdfEstimates of Consumer Price Response in Pakistan using MarketPrices as DataThe main emphasis of the paper is to illustrate a methodologythat can be readily applied to future data analysis. The resultspresented here indicate that plausible and detailed estimates ofconsumer response to price changes can be obtained using householdexpenditure survey sand published price series in a manner that does notrequire the assumptions of additive preferences. It is noted that afixed-effects. approach which sweeps out spatial long-run pricedifferences can be employed as a replicated time series even over alimited period of four quarters
Adobe PDF Library 5.0; modified using iTextSharp 4.1.6 by 1T3XTSummer 1988,Vol. 27, No.2
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