| FROM THE PSIA USER'S GUIDE: Understanding Transmission Channels |
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3. Understanding transmission channels
After analyzing stakeholders, PSIA identifies the channels through which a particular policy change is expected to affect them. The expected impacts of a policy change on the welfare of different stakeholders will manifest themselves through various transmission channels. There are five main channels through which policies affect stakeholders:
- Employment
- Prices - production, consumption, and wages
- Access to goods and services
- Assets - physical, natural, social, human, financial
- Transfers and taxes
The transmission channels will convey different impacts on stakeholders, depending on the reform in question. Impacts may differ along two key dimensions. First, impacts can be direct (when they result directly from changes in the policy levers altered by the reform) or indirect (when they result from the reform through other channels). Second, the nature of impacts may vary over time, and so will net impacts on various stakeholders.
Additional information can be found in the Conceptual Framework section of the User's Guide, available under that section on the left-hand navigation bar.
For more information, consult the feature box to the right.
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