Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

H. Bannerji

Abstract

The feasibility of regulating the balance of foreign trade of a country by relevant price changes, brought about, for example by devaluation, depends on the value of the price elasticities of goods entering into foreign trade. The effect of imposition of tariffs by a country on its terms of trade is also determined by these elasticities.

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H. Bannerji

Abstract

For any country embarking on the path of planned economic development, foreign exchange is undoubtedly one of the most important scarce resource. For the purpose of an adequate planning effort, it is, therefore, necessary to analyse the factors which determine the demand for imports.

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