Pakistan Development Review, Volume 2Pakistan Institute of Development Economics, 1962 - Pakistan |
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Page 141
There are two widely accepted hypotheses about the extent to which capital and
labour are mutually substitutable: One is the Walras-LeontiefHarrod-Domar
assumption of fixed input coefficients and the other is the Cobb-Douglas function
...
There are two widely accepted hypotheses about the extent to which capital and
labour are mutually substitutable: One is the Walras-LeontiefHarrod-Domar
assumption of fixed input coefficients and the other is the Cobb-Douglas function
...
Page 142
The variations in the CES production function among industries have a
substantial effect on the structural features of economies at different levels of
income. Such effects on factor proportions, commodity prices and comparative
advantage are ...
The variations in the CES production function among industries have a
substantial effect on the structural features of economies at different levels of
income. Such effects on factor proportions, commodity prices and comparative
advantage are ...
Page 365
c) at a high level (Rs. 100 per caput) in showing the marketable surplus function
M3. The interpretation of the equation (1) is as follows: For the West Pakistan
farmers, a change of one unit in the output of food appears, on the average, to
have ...
c) at a high level (Rs. 100 per caput) in showing the marketable surplus function
M3. The interpretation of the equation (1) is as follows: For the West Pakistan
farmers, a change of one unit in the output of food appears, on the average, to
have ...
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advance agricultural amount analysis areas assumed average balance Bank bonus capital census cent considerable considered consumption cost cotton countries crop December decline demand deposits Development direct discussed domestic earnings East Economic Economic Development effect elasticity enumerators estimates existing exports fact factors fall farmers firms foreign foreign exchange function given growth higher holdings imports included income increase India indices industrial Institute interest International investment Journal jute Karachi labour land less limit lower manufactured March marginal means measure million noted output period Planning population possible present problem production quantity question ratio reasons reduced region relation relative Report result Review rise saving scheduled scheme sector Statistical suggested supply Table tion trade underdeveloped United wage West Pakistan