The myth of post-reform income stagnation : evidence from Brazil and Mexico / prepared by Irineu de Carvalho Filho and Marcos Chamon.

Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns are in...

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Bibliographic Details
Main Authors: Carvalho Filho, Irineu E. (Irineu Evangelista), 1971- (Author), Chamon, Marcos (Author)
Corporate Author: International Monetary Fund. Research Department
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, [2008], ©2007.
©2007
Series:IMF working paper ; WP/08/197.
Subjects:
Online Access:Click for online access

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100 1 |a Carvalho Filho, Irineu E.  |q (Irineu Evangelista),  |d 1971-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjrx4D7vCWtGvxPBMB79wC 
245 1 4 |a The myth of post-reform income stagnation :  |b evidence from Brazil and Mexico /  |c prepared by Irineu de Carvalho Filho and Marcos Chamon. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c [2008], ©2007. 
264 4 |c ©2007 
300 |a 1 online resource (52 pages) :  |b illustrations (some color) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/08/197 
500 |a At head of title: Research Department. 
500 |a "August 2008." 
504 |a Includes bibliographical references (pages 49-52). 
520 3 |a Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns are inconsistent with official estimates of near stagnant incomes. That is attributed to biases in the price deflator. The estimated unmeasured income gains are higher for poorer households, implying marked reductions in "real" inequality. These findings challenge the conventional wisdom that post-reform income growth was low and did not benefit the poor 
588 0 |a Print version record. 
505 0 |a I. Introduction; II. Empirical Methodology; III. Brazil; A. Background on Economic Policy Changes; B. Data; C. Results; D. Evidence from Durable Goods Ownership and Anthropometrics; E. Food Consumption in the 1970s; IV. Mexico; A. Background on Economic Policy Changes; B. Data; C. Results; D. Evidence from Durable Goods Ownership and Anthropometrics; V. Discussion and Conclusion; Text Tables; 1. Descriptive Statistics for Brazil; 2. Regression Results for Brazil, Full Sample; 3. Annual Bias Estimates for Brazil Across Different Methods and Samples. 
505 8 |a 4. Household Per Capita Expenditure and Net Income in Brazil5. Anthropometric Measures for Children 0-60 Months Old in Brazil; 6. Brazil: Ownership of Durable Goods, and Sensitivity to Income; 7. Descriptive Statistics for Mexico; 8. Regression Results for Mexico, Pooled Sample; 9. Household Per Capita Expenditure and Net Income in Mexico: Headline And Corrected (in 2002 Pesos); 10. Anthropometric Measures for Children 0-60 Months Old in Mexico; 11. Mexico: Ownership for Durable Goods, and Sensitivity to Income; Text Figures; 1. Brazil: GDP Per Capita and Average Growth in Decade. 
505 8 |a 2. Mexico: GDP Per Capita and Average Growth in Decade3. Changes in Relative Prices in Brazil; 4. Non-Parametric Estimates of Relationship between Food Shares and Household Expenditure in Brazil; 5A. Estimated Bias in Brazil in 1987/88-1995/96 as a Function of CPI-Measured Real Expenditure in 1995/96; 5B. Estimated Bias in Brazil 1995/96-2002/03 as a Function of CPI-Measured Real Expenditure in 2002/03; 6A. Distribution of Expenditure in Brazil Deflated by the CPI: 87/88, 95/96 and 02/03. 
505 8 |a 6B. Distribution of Expenditure in Brazil Deflated by the Estimated True Cost of Living Index: 97/88, 95/96 and 02/037A. Changes in Durable Goods Holdings in Brazil and Sensitivity to Income; 7B. Changes in Durable Goods Holdings in Brazil and Sensitivity to Income; 8. Evolution of the Food Budget Share in Brazil since in 1974/75-2002/03; 9. Changes in Relative Prices in Mexico; 10. Non-Parametric Estimates of Relationship Between Food Budget Shares And Household Expenditure in Mexico. 
505 8 |a 11A. Estimated Bias in Mexico in 1984-1998 as a Function of CPI-Measured Real Expenditure in 1998 and Distribution of the Latter11B. Estimated Bias in Mexico in 1998-2006 as a Function of CPI-Measured Real Expenditure in 2006 and Distribution of the Latter; 12. Estimated Cumulative Bias in Mexico Since 1984 Across Different Methods and Samples; 13A. Distribution of CPI-Measured Real Expenditure in Mexico; 13B. Distribution of Expenditure in Mexico Deflated by the Estimated True Cost of Living Index; 14A. Changes in Durable Goods Holdings in Mexico and Sensitivity to Income. 
650 0 |a Income  |z Brazil  |x Econometric models. 
650 0 |a Income  |z Mexico  |x Econometric models. 
650 0 |a Consumer price indexes  |z Brazil  |x Econometric models. 
650 0 |a Consumer price indexes  |z Mexico  |x Econometric models. 
651 0 |a Brazil  |x Economic conditions  |y 1985-  |x Econometric models. 
651 0 |a Brazil  |x Economic policy  |x Econometric models. 
651 0 |a Mexico  |x Economic conditions  |y 1982-1994  |x Econometric models. 
651 0 |a Mexico  |x Economic conditions  |y 1994-  |x Econometric models. 
651 0 |a Mexico  |x Economic policy  |x Econometric models. 
650 7 |a Consumer price indexes  |x Econometric models  |2 fast 
650 7 |a Economic history  |2 fast 
650 7 |a Economic policy  |x Econometric models  |2 fast 
650 7 |a Income  |x Econometric models  |2 fast 
651 7 |a Brazil  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39QbtfRB9KGtqfkFTFbfB77QY 
651 7 |a Mexico  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39QbtfRkxCrqQ3XXbCkdP63kc 
648 7 |a Since 1982  |2 fast 
700 1 |a Chamon, Marcos,  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PBJpDHXjfx9Ypb343kqR3Qq 
710 2 |a International Monetary Fund.  |b Research Department. 
776 0 8 |i Print version:  |a Carvalho Filho, Irineu E. (Irineu Evangelista), 1971-  |t Myth of post-reform income stagnation.  |d Washington, D.C. : International Monetary Fund, [2008], ©2007  |w (OCoLC)314413727 
830 0 |a IMF working paper ;  |v WP/08/197. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1607997  |y Click for online access 
903 |a EBC-AC 
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