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CHARACTERISTICS OF SUCCESSFUL IMPORT SUBSTITUTION ACTIVITIES
IDENTIFYING POTENTIAL IMPORT SUBSTITUTION ACTIVITIES
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achieve active import substitution affect agricultural analysis assessment Availability of export balance of payments calculations coconut oil commodities comparative advantage Consumer cost consumption patterns demand side dependence on imports diesel differences in quality distribution domestic market domestic production Economic profitability economies of scale employment encourage ethanol example expanding export markets factors of production financial profitability foreign exchange impact foreign exchange saved Ghana goals of import government revenue implies import bill Import statistics import substitution activities Import substitution industries import substitution policy import substitution strategy imported inputs incentives income indirect import substitution industries investment investors involved manufacturing maximised natural protection neoclassical non-monetary sector paper Papua New Guinea possible problem product differentiation production costs promoting import substitution raw materials relatively replace Imports result save foreign exchange small country specifically structural constraints structure of production SUCCESSFUL IMPORT SUBSTITUTION SUPPLY SIDE tion trade transport costs