Measuring the distributional effects of inflation in Croatia by using the LES approach
This paper deals with distributional effects of price changes in period from 2000 to 2007. Even though in this period we can observe relatively low inflation rates, the goal of the research is to determine whether there are possible negative effects of price changes on income inequality in Croatia....
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| Format: | Article |
| Language: | deu |
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Faculty of Economics University of Rijeka
2008-12-01
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| Series: | Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu |
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| Online Access: | https://www.efri.hr/sites/efri.hr/files/cr-collections/2/eko-zbornik-2008-2-drezgic.pdf |
| _version_ | 1819047999790120960 |
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| author | Saša Drezgić |
| author_facet | Saša Drezgić |
| author_sort | Saša Drezgić |
| collection | DOAJ |
| description | This paper deals with distributional effects of price changes in period from 2000 to 2007. Even though in this period we can observe relatively low inflation rates, the goal of the research is to determine whether there are possible negative effects of price changes on income inequality in Croatia. The approach bases on the application of linear expenditure system (LES) on the aggregate data, i.e. deciles of household income groups. The results show that overall inflation rate does not determine distributional effects in Croatia. In some years, changes in prices present higher burden for lower income groups, while in other years, higher income groups are worse off. It seems that redistributive effect primarily depends on the structure of price changes. Therefore we need further research on this issue. |
| first_indexed | 2024-12-21T11:09:17Z |
| format | Article |
| id | doaj.art-41578f8a9025404293673ff2800a4c99 |
| institution | Directory Open Access Journal |
| issn | 1331-8004 |
| language | deu |
| last_indexed | 2024-12-21T11:09:17Z |
| publishDate | 2008-12-01 |
| publisher | Faculty of Economics University of Rijeka |
| record_format | Article |
| series | Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu |
| spelling | doaj.art-41578f8a9025404293673ff2800a4c992022-12-21T19:06:09ZdeuFaculty of Economics University of RijekaZbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu1331-80042008-12-01262239256Measuring the distributional effects of inflation in Croatia by using the LES approachSaša DrezgićThis paper deals with distributional effects of price changes in period from 2000 to 2007. Even though in this period we can observe relatively low inflation rates, the goal of the research is to determine whether there are possible negative effects of price changes on income inequality in Croatia. The approach bases on the application of linear expenditure system (LES) on the aggregate data, i.e. deciles of household income groups. The results show that overall inflation rate does not determine distributional effects in Croatia. In some years, changes in prices present higher burden for lower income groups, while in other years, higher income groups are worse off. It seems that redistributive effect primarily depends on the structure of price changes. Therefore we need further research on this issue.https://www.efri.hr/sites/efri.hr/files/cr-collections/2/eko-zbornik-2008-2-drezgic.pdfInequalityInflationLinear expenditure systemCroatia |
| spellingShingle | Saša Drezgić Measuring the distributional effects of inflation in Croatia by using the LES approach Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu Inequality Inflation Linear expenditure system Croatia |
| title | Measuring the distributional effects of inflation in Croatia by using the LES approach |
| title_full | Measuring the distributional effects of inflation in Croatia by using the LES approach |
| title_fullStr | Measuring the distributional effects of inflation in Croatia by using the LES approach |
| title_full_unstemmed | Measuring the distributional effects of inflation in Croatia by using the LES approach |
| title_short | Measuring the distributional effects of inflation in Croatia by using the LES approach |
| title_sort | measuring the distributional effects of inflation in croatia by using the les approach |
| topic | Inequality Inflation Linear expenditure system Croatia |
| url | https://www.efri.hr/sites/efri.hr/files/cr-collections/2/eko-zbornik-2008-2-drezgic.pdf |
| work_keys_str_mv | AT sasadrezgic measuringthedistributionaleffectsofinflationincroatiabyusingthelesapproach |