Intersectoral Terms of Trade for Pakistan’s Economy: 1970-71 – 1981-82

Author: Shahnaz Kazi
Publication Year : 1987

The paper estimates intersectoral terms of trade for the period from 1970-71 to 1981-82. On the basis of these results the study further analyses the relationship between terms of trade and aggregate farm output over the period. The findings indicate some improvement in agriculture’s terms of trade over the Seventies. However, no conclusive support is provided to the hypothesis of high supply responsiveness of aggregate farm output to shifts in the relative price ratio of sectoral output.

Please download the PDF to view it:

Download PDF