Open AccessA Programming Model for Reduction of Import Dependence of Pakistan
Author(s) -
Shazia Naseem
Publication year - 1968
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v8i4pp.513-581
Subject(s) - substitution (logic) , economics , consumption (sociology) , context (archaeology) , planner , per capita , process (computing) , reduction (mathematics) , macroeconomics , computer science , mathematics , paleontology , social science , population , demography , geometry , sociology , biology , programming language , operating system
The present study consists, in the main, of formulating,implementing and interpreting the results of a model which attempts toexplore with the help of available data the possibilities of importsubstitution in Pakistan from 1963/64 to 1972/73. The model is designedto assess the realistic limits to the process of import substitution inthe context of growth—taking" Into consideration such realistic factorsas the growth of per capita consumption, export possibilitiesmobilization of domestic savings and the availability of foreigneconomic assist¬ance. Although in a formal sense the model isdeterministic, the variation of certain exogenous elements andparameters generates enough information on the behaviour of the model toindicate the extent of substitutability and trade-offs between strategiceconomic aggregates which is so crucial in evaluating the differentpolicy objectives a planner may wish to pursue.