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MACRO-Econ-May 5 - AM session: Partial Equilibrium Multi-Market Approaches Watch Video Connection Speed: High Speed Low Speed Audio    Event Title : Evaluating the Poverty and Distributional Impact of Economic Policies Date : 5/5/2004 Duration : 126 minutes Language  : English Country/Region : World Keyword :  Poverty     Presenter : Patrick Conway | Related Material | Recommendations |Related B-SPAN Videos |  DESCRIPTION  Over the course of the week May 3 to May 7, 2004, the Poverty and Social Impact Analysis Group of the World Bank sponsored a series of lectures and presentations based on the 2003 World Bank publication The Impact of Economic Policies on Poverty and Income Distribution - Evaluation Techniques and Tools, edited by François Bourguignon and Luiz A. Pereira da Silva. This session - "Partial Equilibrium Multi Markets Approaches" - by Patrick Conway,Professor of Economics at the University of North Carolina at Chapel Hill, is the third in the series of lectures comprising the Macro economic techniques component of the overall course. Conway observes, inter alia, that poverty and distributional impact of changes in the price and quantity of a small group of commodities – consumed and produced – can be assessed through “partial equilibrium” or “multi-market models.” These models are most appropriate for the evaluation of policies that change the relative price of a specific good – for example, the removal of a subsidy or the elimination of a tariff or quota. The starting point is to identify the direct effect on a market (or markets) of a policy reform. Then, one can also figure out (through data examination, survey of experts, or other prior knowledge) which other markets are strongly interlinked in demand or supply with the market(s) in which the direct effect is measured. The next step is to rely on household survey information to estimate the share(s) of income that is affected by these changes through own-price and cross-price elasticities of demand for the entire set of interlinked markets. The impact of the policy reform in this system of equations is then calculated. Bibliography: From The overall Macro-economic Techniques component of the Evaluating the Poverty and Distributional Impact of Economic Policies course includes presentations on the topics: Predicting the Effect of Aggregate Growth on Poverty Aggregate Macroconsistency Models Linked to Household Surveys: A Poverty Analysis Macroeconomic Simulator, or PAMS Partial Equilibrium Multimarket Approaches The 123PRSP Model Social Accounting Matrices and SAM-Based Techniques Poverty and Inequality Analysis in a General Equilibrium Framework: The Representative Household Approach  RELATED MATERIALS   Patrick Conway UNC webpage World Bank InfoShop - purchasing The Impact of Economic Policies on Poverty and Income Distribution: Evaluation Techniques and Tools RELATED B-SPAN EVENTS Poverty (258) RELATED WORLD BANK LINKS