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Distributional weights, shadow wages, and the accounting rate of interest : estimates for India (Английский)

A theoretical model is used to estimate an all-India unskilled industrial workers shadow to market wage ratio. The purposes are to derive distributional weights that permit evaluation of the interpersonal consumption changes in terms of their savings equivalent social value, to provide current saving equivalent weights for weighing the intertemporal consumption effects on projects, and to estimate the ratios of shadow to market rates for the economy...
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