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Cotton Textile and Leather Exports What Cost Foreign Exchange

Author

Listed:
  • G. C. HUFBAUER

    (Development Department, Government of West Pakistan)

  • NAYYARA AZIZ

    (Development Department, Government of West Pakistan)

  • ASGHAR ALI

    (Development Department, Government of West Pakistan)

Abstract

The senior author has elsewhere argued [8] that foreign exchange earned by the export of West Pakistan-manufactured goods has a high domestic cost. Much the same contention has been advanced by Hecox [7], Islam [9] and MacEwan [11]. In these papers the relationship between costs and earnings is usually based on fairly abstract assumptions. The purpose of this note is to reduce the calculations to a "plain man" level. Specifically, we try to calculate how many rupees of indigenous resources are expended to earn each extra rupee of foreign exchange which is received from exporting cotton textiles and leather goods rather than their primary ingredients, namely raw cotton and hides and skinsl.

Suggested Citation

  • G. C. Hufbauer & Nayyara Aziz & Asghar Ali, 1969. "Cotton Textile and Leather Exports What Cost Foreign Exchange," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 9(3), pages 330-342.
    • Handle: RePEc:pid:journl:v:9:y:1969:i:3:p:330-342
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