The Allocative Biases of Pakistan's, Cpmmercial Policy 1953 to 1963

Syed Nawab Haider Naqvi

The Pakistan Development Review, 1966, vol. 6, issue 4, 465-499

Abstract: The purpose of this paper is to examine the allocative biases of Pakistan's commercial policy, with a view to determining its influence on the composition of domestic investment in the private sector. Although because of the complexity of factors influencing investment decisions it is well-nigh impossible to isolate the role of commercial policy in shaping the composition of domestic investment, yet a study of its allocative biases per se can shed considerable light on the nature of this role. This is so because the import component of various investment projects is high in Pakistan and private-sector imports are, in turn, regulated by commercial policy

Date: 1966
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