Determination of Domestic Prices of Milk and Wheat in Pakistan: Error in Estimation

riaz ahmed

Determination of Domestic Prices of Milk and Wheat in Pakistan: Error in Estimation

riaz ahmed * §

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§ Shah Abdul Latif University

Determination of Domestic Prices of Milk and Wheat in Pakistan: Error in Estimation

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Abstract

The domestic prices of traded goods in an open economy are a function of international prices and the levied tariff rates. The key question arising here is whether the domestic prices can be “estimated” from the information on international prices and the tariff rates given that the later two independent variables are determined out of the system? Some authors have “estimated” domestic prices from international prices and the tariff rates. However the estimation of domestic prices in such way has presented inaccurate estimates. Present study is an attempt to correct such failing in case of domestic prices of milk and wheat and strived to calculate instead of estimating the domestic prices in presence of two independently determined variables i.e. tariff rates and international prices.

References

12 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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How to Cite This Article

riaz ahmed. 1970. "Determination of Domestic Prices of Milk and Wheat in Pakistan: Error in Estimation". Global Journal of Management and Business Research, Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 12 (GJMBR Volume 12 Issue A11).

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GJMBR Volume 12 Issue A11

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Credit goods Domestic prices Error in estimation

Classification

GJMBR-A Classification FOR Code:150507 JEL Code: P22

Submission ReceivedMay 5, 2012
Peer Review Double Blind
Handling Editor
Accepted June 4, 2012
Published June 16, 2012

Version of record

v1.2

Language

English

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Article Matrices

Total Score: 156

Country: Pakistan

Subject: Global Journal of Management and Business Research

Authors: Dr. Naveed Ahmed Shaikh, Dr Rehman Gul, Hassan Jawad, Riaz Ahmed (PhD/Dr. count: 1)

View Count (all-time): 184

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Publish Date: 2012 06, Sat

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Total Views: 5.5K

Total Downloads: 386

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