Politicians and scientists have a strong interest in reliable regional and international comparisons of productivity, income, wages, and social benefits. Such comparisons require meaningful indicators of the regional and international price levels. The computation of such indicators utilizes...

In empirical economic research, individual prices are often aggregated into average prices of sub-aggregates. Then, these average prices are aggregated to produce the average price of the total aggregate. Often, such two stage procedures help to illuminate the underlying forces driving the...

type="main" <p>This study introduces a group of Generalized Unit Value indices that evaluate price level changes. The approach is to transform the original price and quantity data into numbers that all relate to a common unit which provides the same intrinsic worth to the consumers. When, in the...</p>

It is now established that the encouraging performance of the agriculture of West Pakistan during the second-plan period took place largely as a result of water-resource development in which private tubewells were particularly important 1. According to the pioneering study by the Late Ghulam...

The short-stemmed varieties of wheat and rice imported from abroad and the increased use of fertilizers have dramatically enlarged the potential for rapid increases in the agricultural output of We~t Pakistan. This recent breakthrough in foodgrains production is sometimes referred to as the...