A Programming Model for Reduction of Import Dependence of Pakistan

S. M. Naseem

Abstract


The present study consists, in the main, of formulating,
implementing and interpreting the results of a model which attempts to
explore with the help of available data the possibilities of import
substitution in Pakistan from 1963/64 to 1972/73. The model is designed
to assess the realistic limits to the process of import substitution in
the context of growth—taking" Into consideration such realistic factors
as the growth of per capita consumption, export possibilities
mobilization of domestic savings and the availability of foreign
economic assist¬ance. Although in a formal sense the model is
deterministic, the variation of certain exogenous elements and
parameters generates enough information on the behaviour of the model to
indicate the extent of substitutability and trade-offs between strategic
economic aggregates which is so crucial in evaluating the different
policy objectives a planner may wish to pursue.

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DOI: https://doi.org/10.30541/v8i4pp.513-581

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