TITLE

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

AUTHOR(S)
Shaikh, Naveed Ahmed; Gul, Rehman; Soomro, Hassan Jawad; Mangi, Riaz Ahmed
PUB. DATE
July 2012
SOURCE
Global Journal of Management & Business Research;Jul2012, Vol. 12 Issue 11, p69
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
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.
ACCESSION #
85349236

 

Related Articles

  • Foreign Trade Regime.  // Argentina Business Forecast Report;2006 1st Quarter, p26 

    The article presents information on the international trade system in Argentina. The international trade in Argentina was regulated by Mercosur Trading bloc. It became the member of World Trade Organization in 1995. The Argentine Harmonise Schedule is the basis for tariff rates for all exports...

  • Guatemala: Country Conditions: Climate for Trade.  // Political Risk Yearbook: Guatemala Country Report;2003, p45 

    Presents information on the trade activities in Guatemala. Percentage of tariffs imposed on goods; Assessment of taxes and fees on imports; Details of the trade relations of the state.

  • KENYA: Country Conditions: Climate for Trade.  // Political Risk Yearbook: Kenya Country Report;2006, p47 

    Presents an overview of the climate for trade in Kenya. Tariff and non-tariff barriers; International trade agreements; Membership of the country in the 20-country Common Market for Eastern and Southern Africa.

  • prices digest.  // Grocer;2/28/2015, Vol. 238 Issue 8194, p20 

    The article reports on pricing status of several commodity products including the price decline for milling wheat and poppy seeds and the on-account prices for milk products.

  • NICARAGUA: Country Conditions: Climate for Trade.  // Political Risk Yearbook: Nicaragua Country Report;2006, p51 

    The article discusses the climate for international trade in Nicaragua. The completion by Nicaragua of the implementation of tariff reductions is reported. Information on the move made by the nation to impose regular import duties is presented. The article also offers information on the nation's...

  • SRI LANKA: Country Conditions: Climate for Trade.  // Political Risk Yearbook: Sri Lanka Country Report;2006, p61 

    The article focuses on the international trade climate in Sri Lanka. Information on the multiband import tariff schedule of the country is presented. Products that are free of import duty are identified. The article also offers information on free trade agreements reached by Sri Lanka with...

  • Hungary: Country Conditions: Climate for Trade.  // Political Risk Yearbook: Hungary Country Report;2003, p45 

    Looks at the international trade conditions in Hungary as of December 2002. Tariffs and non-tariff barriers; Taxes and fees assessed on imports; International trade agreements entered by Hungary.

  • South Korea and India sign comprehensive economic partnership agreement.  // Chemical Business;Aug2009, Vol. 23 Issue 8, p87 

    The article reports that South Korea and India have reached agreements after three and half years of negotiations to reduce or eliminate tariffs by both sides by signing a comprehensive economic partnership agreement (CEPA). The agreement, covering merchandise and service, investment and...

  • Exports still drive U.S. wheat prices. KNORR, BRYCE // Michigan Farmer (0026-2153);Jul2014, Vol. 318 Issue 7, p43 

    The article reports on the role of a strong global export trade for wheat in driving the U.S. wheat prices.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics