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Determinants of Food Price Inflation in Pakistan. An Empirical Analysis

Автор:   Muhammad A.
мягкая обложка
76 страниц
2011 год
Издательство:   Книга по Требованию
Цена:
1896 руб
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Описание:This study focuses on the identification of main determinants of food price inflation in Pakistan. To determine the factors behind this persistent food price inflation is a matter of great interest and concern for the academics and policy makers. Empirical findings prove that both demand and supply side factors like inflation expectations, money supply, per capita GDP, support prices, food imports and food exports are the main determinants of food price inflation in Pakistan. In the recent years, food price inflation has risen very sharply at global level. Its findings may provide some important guide lines for policy makers to control the recent inflationary trends of food prices in the country. It is also one of the thorniest issues in the economies of developing South Asian countries like Pakistan.


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Cobden's compassion for people gave him the mission of repealing the Corn Laws, a terrible piece of legislation that kept families poor and hungry. The Corn Laws (corn meant grain) were enacted in 1815 when the Napoleonic Wars had left England almost in a state of famine. Bread was precious, and it was illegal for a baker to sell his loaves until after they had been out of the oven for at least twenty-four hours. If bread was stale, people weren't as likely to overeat and would "waste not and want not." The penalty for defying this law was harsh. Bakers were fined as much as five pounds and court costs. As a small boy, Richard Cobden watched the desperate come to Dunford and beg for alms or food that his own family could not afford. Only well-off farmers and landlords profited, and they were the ones who would make sure that the price of grain remained as high in good times as it had been in bad. The landlords who wanted to keep prices inflated were the majority in Parliament, and the Corn Laws were not hard to pass ...»

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