Amirul Islam  , Mohammad Tarequl Hasan Chowdhury  , 
    Devaluation-led Supply Shift: The Case of Washing Soap Industry,
    Pakistan Journal of Social Sciences,
    Volume 2,Issue 4,
    2004,
    Pages 287-290,
    ISSN 1683-8831,
    pjssci.2004.287.290,
    (https://makhillpublications.co/view-article.php?doi=pjssci.2004.287.290)
    Abstract: Net output effect of devaluation at microeconomic level for the soap industry in Chittagong, Bangladesh has been estimated in this paper. The study found that imported-input dependent soap industry responded negatively with devaluation. The estimated net output response coefficient of the washing soap industry following devaluation was –0.75 suggesting that ill-judged devaluation in a developing country where industrial structure is import based can have unpalatable consequences in terms of employment and income distribution.
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