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Intersectoral Tenns of Trade for Pakistan's Economy: 1970-71 - 1981-82

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  • SHAHNAZ KAZI

    (Pakistan Institute of Development Economics (PIDE), Islamabad)

Abstract

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.

Suggested Citation

  • Shahnaz Kazi, 1987. "Intersectoral Tenns of Trade for Pakistan's Economy: 1970-71 - 1981-82," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 26(1), pages 81-105.
    • Handle: RePEc:pid:journl:v:26:y:1987:i:1:p:81-105
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    File URL: http://www.pide.org.pk/pdf/PDR/1987/Volume1/81-105.pdf
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