The paper is too tong for conveying the messagethat shadow pri~ingused as a method of analysis in micro-economic issues of project selection is also useful for analysing macr8.economic issues, such as foreign and domestic borrowing by the government, eihigration, etc. Much of the methodological...

Privatisation has begun to accelerate in India and Pakistan. However, it is not clear that a change in ownership per se will contribute significantly to a more rapid, efficient, and equitable growth unless policies that ensure competition for these enterprises and remove distortions in factor...

This paper, begins with a discussion of the well-known issues involved in defining and measuring total factor productivity (TFP) and its contribution to growth (as well as the possible contribution of growth to productivity), the economic theory underpinning productivity, and policies that...