Domestic Terms of Trade and Public Policy for Agriculture in Pakistan (Issues IN AGRICULTURAL Development) (Report)
Pakistan Development Review 1985, Autumn-Winter, 24, 3-4
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- 2,99 €
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- 2,99 €
Beschreibung des Verlags
Despite the crucial importance of information on intersectoral terms of trade in the formulation of a host of public policies, the official statistical system in Pakistan is yet to generate a statistical series of the terms of trade for the agricultural sector on a regular basis. A number of views expressed on Pakistan's agriculture appear to be based either on results of studies that are now outdated, or on a complete neglect of the existing data that could be processed to calculate the terms-of-trade indices. This paper attempts to provide information on the movement of terms of trade for the agricultural sector for the period from 1951-52 to 1983-84. The impact of changes in terms of trade on farm output, distribution of income and efficient use of resources is also traced. BRIEF REVIEW OF PREVIOUS STUDIES