In the pursuit of social justice, the problem of relative economic inequality in developing countries deserves serious consideration. With the help of a formal analytical framework, the present paper shows that the essential elements of a solution of the problem are structural change, focusing...

In this paper we will be primarily concerned with the effect of inflation on different income groups. Putting it another way, we are looking for an answer to the question, "What have been the differences in the degree of inflation in variousincome groups in Pakistan.

We have analysed the inflation structure in Pakistan. We find that, even according to official figures, there is strong evidence to suggest that a single inflation index is irrelevant for our economy, and a dual sector analysis is imperative. Dividing the ecOnomy into the two sectors, essential...