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A Different Perspective of Pakistan's Economy. The Structure of Expenditures and Prices, 1975-81

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  • ALAN HESTON

    (University of Pennsylvania, USA.)

Abstract

This paper presents comparisons of the purchasing power of the Pakistani rupee in 1975 with those of the currency units of 33 other countries in the same year, based on the UN International Comparison Project and examines relative price structure in Pakistan compared to those in other countries. Pakistan's price level and structure are similar to those of many developing countries, although the prices of investment goods were unusually high. The paper also updates the results to 1982 and finds that the decline in the purchasing power of the rupee is fairly consistent with relative inflation rates.

Suggested Citation

  • Alan Heston, 1983. "A Different Perspective of Pakistan's Economy. The Structure of Expenditures and Prices, 1975-81," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 22(3), pages 163-177.
    • Handle: RePEc:pid:journl:v:22:y:1983:i:3:p:163-177
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    References listed on IDEAS

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    1. Irving B. Kravis & Alan Heston & Robert Summers, 1981. "New Insights Into The Structure Of The World Economy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 27(4), pages 339-355, December.
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