equivalent consumption variation


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1 عمومی:: تغییر مصرف معادل

6Here the welfare measure used is the equivalent consumption variation (ECV) which refers to the change in Welfare (ECV) n.a. 2.1% 1.2% 0.3% I use the equivalent consumption variation (ECV) as the welfare criteria. In term of ECV, an increase of 2.1% in consumption each period is required to make a new born in the benchmark economy to achieve the Welfare (ECV) n.a.

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