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Estimation of Shadow Prices for Project Evaluation in Pakistan

Author

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  • MUHAMMAD ZUBAIR KHAN

    (Pakistan Institute of Development Economics,Islamabad)

Abstract

The purpose of this paperl is to estimate shadow prices of capital and labour for use in the social evaluation of projects.2 The Harberger approach [7] has been used here to estimate the shadow discount rate. Apart from being one of the few demonstrations of the empirical estimation by this approach in'literature this is the correct method of. estimating the shadow discount rate where the marginal social value is not equal to the marginal social cost of funds at market equilibrium due to the presence of various distortions

Suggested Citation

  • Muhammad Zubair Khan, 1979. "Estimation of Shadow Prices for Project Evaluation in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 18(2), pages 129-145.
    • Handle: RePEc:pid:journl:v:18:y:1979:i:2:p:129-145
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    File URL: http://www.pide.org.pk/pdf/PDR/1979/Volume2/129-145.pdf
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    References listed on IDEAS

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    1. M. Ghaffar Chaudhry & M. Anwar Chaudry, 1974. "Cost of Living Indexes for Rural Labourers in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 13(1), pages 26-39.
    2. Stbphen E. Guisinger & Mohammad Irfan, 1975. "Inter-industry Differentials in Wages and Earnings in Pakistan's Manufacturing Sector," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 14(3), pages 274-295.
    3. N/A, 1974. "Appraisal," National Institute Economic Review, National Institute of Economic and Social Research, vol. 67(1), pages 3-7, February.
    4. Richard W. Helbock, 1975. "Differential Urban Growth and Distance Considerations in Domestic Migration Flows in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 14(1), pages 53-84.
    5. Shahrukh Rafi Khan, 1974. "An Estimate of the Shadow Wage Rate in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 13(4), pages 389-408.
    6. Stephen Guisinger & Mohammad Irfan, 1974. "Real Wages of Industrial Workers in Pakistan: 1954 to 1970," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 13(4), pages 363-388.
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    Cited by:

    1. Shamim A. Sahibzada & Mir Annice Mahmood, 1991. "Efficiency Analysis of Projects in the Pakistan Economy," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 30(4), pages 983-993.
    2. Anthony Bottomley, 1980. "Western Textbook Theory and the Developing Countries," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 19(2), pages 143-157.

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