Which economic activities should be in the hands of markets and which directed by governments? How should policymakers analyze the pros and cons of privatizing public services? How can one diagnose th ... Read More

“The real existence of an enemy upon whom one can foist off everything evil is an enormous relief to one’s conscience. You can then at least say, without hesitation, who the devil is; you are quite ce ... Read More

Nagy’s estimation reveals a very high rate of return to research and extension in Pakistan’s agriculture. This work demonstrates that this was due mainly to a mis-specified model, with the research an ... Read More

The cross-section and time-series studies on the growth pattern of developed countries (DCs) and less developed countries (LDCs) tend to suggest that the share of the primary sector in COP declines an ... Read More

Fueled by the adverse conditions in the current international economic environment, the debate concerning the relative merits of development strategies based on import-substitution or export-oriented ... Read More

This paper analyses the pattern of gross population densities at the census tract level in Karachi in 1981. The basic negative exponential function of land density with respect to distance from CBD is ... Read More

The main concern of this paper is the effect of relative price changes on the agricultural sector during 1973·84. Various terms of trade indices have been calculated. The first is the ratio of the pri ... Read More

This book is a collection of eight papers presented at a seminar held in March 1985 . It provides an interesting study of the role of the International Monetary Fund in the midst of the turmoil of the ... Read More

The book under review is in the nature of a wide-ranging overview of issues in Pakistan’s agriculture by three of the country’s distinguished economists. It is particularly welcome as only the second ... Read More

Increasing competition in international markets, and increasing production costs, increases the need for greater efficiency in Basmati rice production. Levels of technical inefficiency which now exist ... Read More

After reviewing the economic and religious arguments for and against financial indexation, a special indexed financial instrument has been suggested which may possibly rehabilitate the role of loans i ... Read More

This paper attempts to provide baseline estimates of savings propensities by various levels and few socio-economic groups from information on 7504 urban families contained in the Household Income and ... Read More

A lexicographic version of the conventional utility model for consumer choice is presented. This provides a natural frame-work for the basic needs approach to development. ... Read More