This paper thoroughly analyses the demand aspect of the money market and examines the determinants of the demand for money in Pakistan over the period extending from 1959~0 to 1977-78. Besides income and rate of interest on time deposits, the expected rate of inflation and degree of monetization...

Production functions have been widely studied in the relevant literature. In this paper, apart from labour and capital, we have used energy as a factor input and calculated the elasticity of substitution between these inputs, measured technical progress, and determined the returns to scale in...