Open AccessThe Export-Performance Licensing Scheme
Author(s) -
Walter E. Hecox
Publication year - 1970
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v10i1pp.24-49
Subject(s) - scheme (mathematics) , incentive , export performance , industrial organization , business , economics , international economics , microeconomics , international trade , mathematics , mathematical analysis
The structure and impact of the Export-Performance LicensingScheme is a particularly interesting study when contrasted with theExport Bonus Scheme. These two export-incentive measures overlap in manyways; yet they are radically different in certain aspects. Each alonehas evolved administratively into a formidable institutional structure.The Export Bonus Scheme has been based upon a partially market-oriented,price-determined allocation of resources. However, theExport-Performance Licensing Scheme has been directly con¬trolled byadministrative intervention at all levels. It is interesting to searchfor reasons why the Export-Performance Licensing Scheme has reached acondition such that the following comments could be seriouslyposited: