A Complete Set of Shadow Prices for Pakistan:Illustrations for 1975-76

EHTlSHAM Ahmad,, David Coady and Nicholas Stern
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EHTlSHAM Ahmad,: Economics Research Centre, University of Warwick
David Coady: London School of Economics

The Pakistan Development Review, 1988, vol. 27, issue 1, 7-43

Abstract: A consistent set of economy-wide shadow prices for Pakistan is presented, based on input- utput flows for the mid-1970s. This provides broad parameters for policy at the sectoral level, with indications as to which sectors should be encouraged under alternative assumptions concerning the behaviour of factor markets. Further, these parameters are useful as inputs for project evaluation. A number of agricultural and manufacturing sectors are identified as being socially profitable. Finally, the shadow prices will be taken as parameters in a tax reform exercise.

Date: 1988
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