publication . Thesis

A price stabilisation model for Pakistan jute.

Huq, Abul Kalam Muhammad Sayeedul;
Open Access English
  • Publisher: SOAS University of London
  • Country: United Kingdom
Abstract
This study is divided into four main Chapters. In the opening Chapter the relevant background information regarding the Pakistan economy and fluctuations in jute output and prices are collected. The small individual peasants of East Pakistan who produce the bulk of total jute output are found to be highly responsive to changes in the relative prices of jute and rice (the substitute crop) with a lag of one year. This lag structure in the price-supply relationship results in cobweb type fluctuations of the relative prices of jute and rice and the production of jute. The statistical evidence is that year to year fluctuations in the total export proceeds from raw ju...
Subjects
free text keywords: SRT1
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