Comments on "Shadow Pricing and Macroeconomic Analysis. Some lllustrations from Pakistan"1 by Squire et al

T. Srinivasan

The Pakistan Development Review, 1979, vol. 18, issue 2, 113-115

Abstract: The paper is too tong for conveying the messagethat shadow pri~ingused as a method of analysis in micro-economic issues of project selection is also useful for analysing macr8.economic issues, such as foreign and domestic borrowing by the government, eihigration, etc. Much of the methodological discussion in the paper is available in a readily accessible form in several publications of each of the coauthors. In contrast, the specific application of the methodology to Pakistani problems is much too cavalier

Date: 1979
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