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Semi-Subsistence Households: Accounting For Home Production for Home Consumption

Abstract: 

Among the least analysed characteristics of semisubsistence households in economy wide models is the existence of home production for home consummation (HPHC) and hence the fact that the dual roles of producers and consumers are nonseparable. Without explicit accounting for the nonseparability of these decisions, analyses of the impacts of policy and external shocks on rural households in developing countries is likely to be compromised and policy choices may be inappropriate policy measures. This study develops an economic accounting system for the calibration of economy wide models that takes HPHC into account and illustrates the schema with a new 2010/11 SAM for Ethiopia. SAM based price multipliers are generated to demonstrate how the HPHC influences the formation of prices and hence the behaviour of economy wide models.

Corporate Author: 
Getnet Alemu, Worku Gebeyehu, Demirew Getachew (Editors) & Ethiopian Economic Association (EEA)
Publisher: 
Ethiopian Economic Association (EEA)
ISBN/ISSN: 
978-99944-54-37-2
Primary Descriptors: 

Production and Consumption

Secondary Descriptor: 

Geographic Descriptors: 
Ethiopia
Cataloge Date: 
03/11/2015
Broad Subject heading: 
Consumption
Call Number: 
330.963 PRO 2014
Serial Key Title: 
Proceedings of the Eleventh International Conference on the Ethiopian Economy
Publication catagory: 
Content type: 
Volume: 
I
Publication date: 
2015-03-11 00:00:00
Forum or Discussion date: 
2013-07-17 00:00:00
Place of publication: 
Addis Abeba
Type of material: 
Book
Current frequency: 
Annually