A Consistent Series of National Accounts for East and West Pakistan: 1949-50 to 1969-70

S. M. Naseem

Abstract


The need for a consistent series of national income and
related aggregates for East and West Pakistan, which are now separate
countries, has been felt for a long time. Both the availability of data
and the lack of willingness to make certain assumptions about the
"controversial" items of income and expenditure have stood in the way of
deriving such a series. Fortunately, however, the controversial items do
not form a very significant part of the total and making alternative
assumptions about the distribution does not change the pattern of growth
of the different aggregates. The value and need for the series in the
present context arises not so much for comparing the relative
performance of the two economies at different points of time, but their
rate of growth in the past. In this paper, we are presenting estimates
of GDP at constant factor cost for East and West Pakistan from the years
1949-50 to 1969-70. From 1959-60 to 1969-70, it is also possible to
present estimates of GNP at market prices and the distribution of GNP by
expenditure categories, both at current and constant prices. In the
first section we describe the method for obtaining GDP at constant
factor cost from 1949-50 to 1969-70. In the second section, the
methodology of obtaining GNP at market prices, current and constant, for
1959-60 to 1969-70 is presented. In the next section, we discuss the
methodology of deriving the different national expenditure aggregates
for 1959-60 to 1969-70.

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DOI: https://doi.org/10.30541/v14i1pp.33-52

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