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Table of Contents
Intro; Foreword; Series Editors' Preface; Acknowledgements; Contents; About the Author; 1 Introduction; References; 2 Specification and Estimation of Demographic Demand Systems, Equivalence Scales with Selective Empirical Evidence; 2.1 Demand Specification; 2.2 Temporal Comparisons of Prices and Income; 2.3 Cross-Sectional Welfare Comparisons Between Households; 2.4 Alternative Technique for Estimating Equivalence Scales-Generalised Cost Scaling and Price Scaling; 2.5 Requirements for Identification of True Equivalence Scales and Their Interpretation as Cost of Children
2.6 Demographic Demand Systems2.6.1 Framework 1; 2.6.2 Framework 2; 2.7 UK Evidence on Equivalence Scales; 2.7.1 The Generalised Non-additive Gorman Model; 2.7.2 The Generalised Non-additive Price Scaling Model; 2.8 Australian Evidence on Equivalence Scales; 2.9 Analysis of Indian Expenditure Patterns; 2.9.1 Delta Scaled Dynamic QES; 2.9.2 Delta Scaled Dynamic LTL; 2.10 Concluding Remarks; References; 3 Alternative Approaches to Measurement of Price Movements; 3.1 Introduction; 3.2 Alternative Methods for Measuring Price Changes; 3.2.1 The True Cost of Living Index (TCLI)
3.2.2 Fixed-Weight Price Indices and Their Application in PPP Calculations3.2.2.1 Fixed-Weight Price Indices in the Binary Context; 3.2.2.2 Fixed-Weight Price Indices in the Multilateral Country Context; 3.2.3 Stochastic Approaches to Price Measurement: The Country-Product Dummy (CPD) Model; 3.2.4 The Household Regional Product Dummy (HRPD) Model; 3.2.4.1 Specification and Estimation; 3.2.4.2 Description of the HRPD Model; 3.2.4.3 Estimation; 3.2.4.4 Estimation Steps; 3.2.5 An Engel-Based Procedure for Estimating Spatial Prices in a Large Heterogeneous Country Setting
3.3 Equivalence of the HRPD and Other Systems for Measuring Price Indices3.3.1 Relating to Rao (2005) System; 3.3.1.1 Interpretation of the Conditions; 3.3.1.2 Testing; 3.3.2 Relating to Diewert (2005) System; 3.3.3 Relating to Hill and Syed (2014) System; 3.4 The Dynamic HRPD Model-Specification and Estimation: Simultaneous Measurement of Spatial and Temporal Variation in Prices; 3.4.1 Introduction; 3.4.2 Estimation Steps; 3.4.3 Testing for Time-Invariant Spatial Price Indices; 3.4.4 AR(1) Structure in the Time Dimension: Introducing Price Dynamics in the Temporal Specification
3.4.5 Spatial Autoregressive (SAR) Error Structure: Introducing Regional Price Dependence in the Cross-Sectional Specification3.5 Concluding Remarks; References; 4 Role of Prices in Welfare Comparisons; 4.1 Introduction; 4.2 Description of the Concepts Used for Incorporating Prices in Inequality; 4.3 Spatial Price-Deflated Real Expenditure Comparisons Between Regions or Countries; 4.4 The Calculation of Price Differentials Between Regions in a Country with Special Reference to Rural-Urban Price Differences; 4.4.1 Procedure for Estimating the Rural-Urban Price Differential
2.6 Demographic Demand Systems2.6.1 Framework 1; 2.6.2 Framework 2; 2.7 UK Evidence on Equivalence Scales; 2.7.1 The Generalised Non-additive Gorman Model; 2.7.2 The Generalised Non-additive Price Scaling Model; 2.8 Australian Evidence on Equivalence Scales; 2.9 Analysis of Indian Expenditure Patterns; 2.9.1 Delta Scaled Dynamic QES; 2.9.2 Delta Scaled Dynamic LTL; 2.10 Concluding Remarks; References; 3 Alternative Approaches to Measurement of Price Movements; 3.1 Introduction; 3.2 Alternative Methods for Measuring Price Changes; 3.2.1 The True Cost of Living Index (TCLI)
3.2.2 Fixed-Weight Price Indices and Their Application in PPP Calculations3.2.2.1 Fixed-Weight Price Indices in the Binary Context; 3.2.2.2 Fixed-Weight Price Indices in the Multilateral Country Context; 3.2.3 Stochastic Approaches to Price Measurement: The Country-Product Dummy (CPD) Model; 3.2.4 The Household Regional Product Dummy (HRPD) Model; 3.2.4.1 Specification and Estimation; 3.2.4.2 Description of the HRPD Model; 3.2.4.3 Estimation; 3.2.4.4 Estimation Steps; 3.2.5 An Engel-Based Procedure for Estimating Spatial Prices in a Large Heterogeneous Country Setting
3.3 Equivalence of the HRPD and Other Systems for Measuring Price Indices3.3.1 Relating to Rao (2005) System; 3.3.1.1 Interpretation of the Conditions; 3.3.1.2 Testing; 3.3.2 Relating to Diewert (2005) System; 3.3.3 Relating to Hill and Syed (2014) System; 3.4 The Dynamic HRPD Model-Specification and Estimation: Simultaneous Measurement of Spatial and Temporal Variation in Prices; 3.4.1 Introduction; 3.4.2 Estimation Steps; 3.4.3 Testing for Time-Invariant Spatial Price Indices; 3.4.4 AR(1) Structure in the Time Dimension: Introducing Price Dynamics in the Temporal Specification
3.4.5 Spatial Autoregressive (SAR) Error Structure: Introducing Regional Price Dependence in the Cross-Sectional Specification3.5 Concluding Remarks; References; 4 Role of Prices in Welfare Comparisons; 4.1 Introduction; 4.2 Description of the Concepts Used for Incorporating Prices in Inequality; 4.3 Spatial Price-Deflated Real Expenditure Comparisons Between Regions or Countries; 4.4 The Calculation of Price Differentials Between Regions in a Country with Special Reference to Rural-Urban Price Differences; 4.4.1 Procedure for Estimating the Rural-Urban Price Differential