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Different measures of net farm income and their relevance to the debate on agricultural taxation



Different measures of net farm income and their relevance to the debate on agricultural taxation



Pakistan Development Review 28(4 (II)): 1021-1028



Inconsistent definition of net farm income in Pakistan has resulted in conflicting results for the profitability of agriculture in the past. The object of this paper is to suggest an appropriate definition for net farm income and re- assess agricultural performance, with a view to estimating taxable capacity, drawing on data from the Punjab Economic Research Institute (PERI).

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