The Determinants of the Domestic Prices of Imports

Mati Pal
Additional contact information
Mati Pal: Pakistan Institute of Development Economics.

The Pakistan Development Review, 1964, vol. 4, issue 4, 597-622

Abstract: Imports playa key role in the economy of Pakistan, t:specially since they provide a large share of the nation's industrial raw materials and most of its capital goods. Scarce foreign exchange is rationed and allocated among different types of commodities through an elaborate licensing system. To cope with the needs of the economy there has been liberalisation of imports in recent times. Proposals for further Iiberalisation and alternative proposals for rationing foreign exchange through an import surcharge system or an exchange auctioning system have also been put forward. But, in the absence of empirical evidence regarding scarcity value of foreign exchange and the domestic prices of imports, the impact of these changes on the import sector and therefrom on the economy could not be definitely estimated. Different assumptions have been made regarding these magnitudes resulting in very different conclusions about the impact of various policies. A study of the facts is necessary under these circumstances, and so we have embarked on an empirical study regarding the determinants of the domestic prices of imports.

Date: 1964
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.pide.org.pk/pdf/PDR/1964/Volume4/597-622.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pid:journl:v:4:y:1964:i:4:p:597-622

Access Statistics for this article

More articles in The Pakistan Development Review from Pakistan Institute of Development Economics Contact information at EDIRC.
Bibliographic data for series maintained by Khurram Iqbal ().