The Distributional Impact of Price Changes in Hungary and the United Kingdom

Datos Bibliográficos

ID9711673
AutoresDavid Newbery (0000-0002-9499-2017, University of Cambridge, autor de correspondencia), David M Newbery (0000-0002-0307-3489)
Año1995
Volumen105
Número431
Páginas847
Fecha de publicación1995-07-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaThe Economic Journal (JOURNAL)
Identificadores de la revistaISSN: 0013-0133 • E-ISSN: 1468-0297
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.2307/2235154
OpenAlexW2022496385
IdiomaEN
Citas recibidas7
Referencias citadas3

In Soviet-type economies, commodity prices were distorted as part of the redistributive system of the state, but with the transition, prices have been liberalised and taxes made more uniform. Has this change adversely affected the distribution of purchasing power? The paper develops a new method of measuring the distributional impact of price changes by computing the distributional characteristics of commodities from household budget survey data, and applies it to Hungary and the United Kingdom, finding that the distributional impacts over the past decade were negligible and not significantly different from zero in both cases

Commodity · Distribution (mathematics · Economics · International economics · Macroeconomics · Market economy · Price level · Purchasing · Purchasing power · Relative price · Economic Growth and Productivity · Monetary Policy and Economic Impact · Russia and Soviet political economy