A Different Perspective of Pakistan's Economy: The Structure of Expenditures and Prices, 1975-81

Alan Heston

Abstract


This paper presents comparisons of the purchasing power of the
Pakistani rupee in 1975 with those of the currency units of 33 other
countries in the same year, based on the UN International Comparison
Project and examines relative price structure in Pakistan compared to
those in other countries. Pakistan's price level and structure are
similar to those of many developing countries, although the prices of
investment goods were unusually high. The paper also updates the results
to 1982 and finds that the decline in the purchasing power of the rupee
is fairly consistent with relative inflation rates.

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DOI: https://doi.org/10.30541/v22i3pp.163-177

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