This paper estimates a constant returns to scale agricultural production function of the three basic factors of production. Such a function is a useful tool for macroeconomic, growth, and development studies. It uses the shares approach that Solow used in 1957 and very disaggregated Canadian...

Some economists, who favoured free trade, had predicted that world prices would rise after UR agreement and with establishment of WTO, but the factual position is quite different. Since 1995, world whole sale prices of commodities are falling at the rate ranging 1 to 17%. Secondly Indian...