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A new test of the permanent income hypothesis: the impact of weather on the income and consumption of farm households in India






Center Discussion Paper, Economic Growth Center, Yale University (331): 583-594

A new test of the permanent income hypothesis: the impact of weather on the income and consumption of farm households in India

This paper, reprinted from the International Economic Review 23, 3 (1982), uses data on agricultural households and weather in India to compute estimates of the basic parameter of Friedmann's permanent income hypothesis, the permanent income elasticity of consumption.

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Accession: 001039034

DOI: 10.2307/2526376



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