Synopsis
Present study has applied Hicksian Compensating Variation approach for empirical estimation of the welfare loss in the households of the four selected districts of North Sindh (Qamber Shahdadkot, Kashmore-Kandhkot, Jacobabad and Shikarpur) that were severely affected during flood 2010. The income and substitution effects were estimated from Marshallian demand curves. Slutsky equation is applied to isolate the income effect from the total effect to estimate the Hicksian demand equations. The total intervention estimated to be required was approximately PKR 61.16 billion in the four selected districts however the total intervention provided in the form of rescue, relief, rehabilitation, and reconstruction was equal to PKR 47.2 billion. A short fall of approximately PKR 15 billion was observed. The Hicksian Compensation required estimated per household per month is to the tune of PKR 11703 per month.
Contents
About Editor
ISBN
978-605-2132-84-5
Date of Publication
December 15, 2018
File Size: 2194 KB
Length: xviii + 98 pages
This work is licensed under a Creative Commons Attribution 4.0 International License.
