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Periodical article | Leiden University catalogue | WorldCat |
Title: | Household Welfare during Crisis and Adjustment in Ghana |
Author: | Sarris, Alexander H. |
Year: | 1993 |
Periodical: | Journal of African Economies |
Volume: | 2 |
Issue: | 2 |
Period: | October |
Pages: | 195-237 |
Language: | English |
Geographic term: | Ghana |
Subjects: | economic policy household income households Economics and Trade Peoples of Africa (Ethnic Groups) |
External link: | https://jae.oxfordjournals.org/content/2/2/195.full.pdf |
Abstract: | This article outlines a method for tracing real welfare of representative households in an economy with the characteristics of sub-Saharan African countries. A model of the producing and consuming household is developed and used to derive comparative static indicators of real welfare changes between periods that depend on observable data. Supply and demand models are then used to extend the model to a piecewise linear approximation of multiperiod nonlinear welfare changes. The framework is applied to Ghana, by specifying three poor and two nonpoor groups based on microsurvey data derived from the 1987-1988 Ghana Living Standards Survey. Analysis of representative households suggests that real incomes of all households declined in the period before the Economic Recovery Programme (ERP), and rose afterwards. The changes in real incomes, however, are due to different reasons for each household class, depending on their structure of income. App., bibliogr., notes, sum. |