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application/pdfEstimation of Elasticities of Substitution for CES and VESProduction Functions using Firm-level Data for Food-processingIndustries in PakistanThis study, based on the time-series data covering the periodfrom 1956 to 1986, estimates production function in the agriculturalsector of Pakistan. The strategy for agricultural development in thecountry has been based on greater utilization of "high pay-off' low-costtechnology. The government advanced loans through financial institutionsto make it possible for the farmers to acquire this technology. Despitethe infusion of seed-fertilizer technology, per acre yield of majorcrops like wheat, rice, cereal and sugar-cane in Pakistan is lower thanin most LDCs in the region. Therefore, it is concluded that the use ofpresent technology has reached a plateau and it is time to look foradditional inputs for improvement in productivity.
Adobe PDF Library 5.0; modified using iTextSharp 4.1.6 by 1T3XTSpring 1988,Vol. 27, No.1
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