A Note on the Effective Exchange Rate for Pakistan's Manufactured Exports, 1968-1975

Stephen E. Guisinger


The role of relative prices in determining the export
performance of developing countries is now well established. Studies by
Kravis [2], Mo-Geehan [3] and others have found that price
competitiveness is essential for maintaining a rapid rate of export
growth in both developed and developing countries. For Pakistan, Husain
[1] has shown that changes in export prices resulting from changes in
the export bonus scheme had a significant effect on raising the level of
munufactured exports over the 1960-1967 period.

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DOI: https://doi.org/10.30541/v16i1pp.101-111


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