Impact of Production Cost and Product Value on the Exports of Pakistan Leather Footwear Industry

Pakistan leather footwear sector possesses the share of 10.03% of overall exports of leather industry. The overall leather industry has been contributing 5% to the GDP of country annually. The potential and chances of growth in the industry have been investigated in this research and the impact of p...

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Bibliographic Details
Published inJournal of engineering and economic development Vol. 6; no. 1; pp. 23 - 39
Main Authors Khan, Muhammad Moutasim, Ali, Tahir
Format Journal Article
LanguageEnglish
Published Beverly Hills Global Strategic Management Inc 01.01.2020
Subjects
Cost analysis
Developing countries
Economic development
Exports
Footwear
Footwear industry
GDP
Gross Domestic Product
Independent variables
Industrialized nations
International trade
LDCs
Leather
Leather & leather products
Manufacturing
Measuring instruments
Pricing
Production costs
Tariffs
Pakistan
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Summary:Pakistan leather footwear sector possesses the share of 10.03% of overall exports of leather industry. The overall leather industry has been contributing 5% to the GDP of country annually. The potential and chances of growth in the industry have been investigated in this research and the impact of production cost and product value on the export of Pakistan leather footwear sector has been analyzed. Production cost and product value have been considered as two independent variables. Three factors of production cost i.e. raw material purchases from local market, raw material purchases from international market and utility expenses and two factors of product value i.e. product quality and prices offered in international market have been focused due to time constraint. Deductive research approach and survey strategy has been used for the execution. Questionnaire and interview were used as a research instruments. Sample respondents were the members of Pakistan Tanners Association and Pakistan Footwear Manufacturers Association. The data has been analyzed by measuring certain averages and frequency distributions. The results draw out the conclusion that the production cost and product value both have a very strong impact on export of Pakistan leather footwear. Certain recommendations have also been given on the basis of the findings of this research.
ISSN:2333-0325
2333-0333