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Title: The Methodology of the Subsistence Minimum Calculation for Developing Countries and its Computation on the Georgian Example
Authors: Makalatia, Irakli
Krialashvili, Ketevani
Gerliani, Ramazi
Keywords: Subsistence Minimum
Consumer’s Basket
Minimum Food Basket
Minimum Non-Food Basket
Poverty Line
Issue Date: 2014
Publisher: Institute of Mathematics and Informatics Bulgarian Academy of Sciences
Citation: Serdica Journal of Computing, Vol. 8, No 3, (2014), 269p-280p
Abstract: This article shows the social importance of subsistence minimum in Georgia. The methodology of its calculation is also shown. We propose ways of improving the calculation of subsistence minimum in Georgia and how to extend it for other developing countries. The weights of food and non-food expenditures in the subsistence minimum baskets are essential in these calculations. Daily consumption value of the minimum food basket has been calculated too. The average consumer expenditures on food supply and the other expenditures to the share are considered in dynamics. Our methodology of the subsistence minimum calculation is applied for the case of Georgia. However, it can be used for similar purposes based on data from other developing countries, where social stability is achieved, and social inequalities are to be actualized. ACM Computing Classification System (1998): H.5.3, J.1, J.4, G.3.
ISSN: 1312-6555
Appears in Collections:Volume 8 Number 3

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