A Complete Set of Shadow Prices for Pakistan: Illustrations for 1975-76

Ehtisham Ahmad, David Coady, Nicholas Stern

Abstract


A consistent set of economy-wide shadow prices for Pakistan is
presented, based on input-output flows for the mid-1970s. This provides
broad parameters for policy at the sel10ral level, with indications as
to which sectors should be encouraged under alternative assumptions
concerning the behaviour of factor markets. Further, these parameters
arc useful as inputs for project evaluation. A number of agricultural
and manufacturing sectors arc identified as being socially profitable.
Finally, the shadow prices will be taken as parameters in a tax reform
exercise.

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DOI: https://doi.org/10.30541/v27i1pp.7-43

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