Pakistan Economic Journal, Volume 21, Issue 1

Adam Smith agricultural allocation alternative analysis assumed assumption capital accumulation capital deepening capital intensity capital productivity capital-intensive techniques choice classical economists classicists Cobb-Douglas commodities conflict between output consumption developing countries East Pakistan economic development efficiency elasticities employ employment levels equation exchange-rate policy exports factors factors of production fixed assets fixed capital full employment given growth of employment growth of output higher import income distribution increase institutional credit inter-regional investment involve J. S. Mill Kaldor labour-intensive techniques level of employment machine Malthus maximises the growth ment Metal Products Non-Metallic Minerals output and employment population possible problem production function quantity of labour rate of growth rate of profit rates of return real wages regions relative prices rent Ricardo rise Sample Industries savings ratio Say's law shortfall simulation stationary point Textiles theory of value Transport Equipment value added variables wage rate wages fund weights workers