Determinants of Private Investment in Pakistan
IMF Working Papers, March 1, 1993
Source details
- Canonical URL
- Determinants of Private Investment in Pakistan
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Bibliographic details
- Authors: Khaled Sakr
- Published: March 1, 1993
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451844863.001
Summary
- Title: Determinants of Private Investment in Pakistan
- Author: Khaled Sakr
- Publication date: March 1, 1993
- Short description: Investigates determinants of private investment in Pakistan with special emphasis on the impact of government investment using annual data for the period 1973/74-1991/92.
Data and methodology
- Data frequency: annual
- Sample period: 1973/74-1991/92
- Pages: 34
- Analytical focus: estimation of correlations between private investment and macroeconomic and policy variables, including disaggregation of government investment into infrastructural and noninfrastructural components.
Key empirical findings
- Private investment was positively correlated to GDP growth.
- Private investment was positively correlated to credit extended to the private sector.
- Private investment was positively correlated to government investment (aggregate).
- When government investment is disaggregated:
- Government noninfrastructural investment is negatively correlated with private investment.
- Government infrastructural investment (by implication from disaggregation) does not share the negative correlation attributed to the noninfrastructural component.
Subjects and keywords
- Subject: Credit, Expenditure, Infrastructure, Money, National accounts, Private investment, Public investment spending
- Keywords: Credit, determinant factor, disincentive impact, government infrastructure investment, government investment, Infrastructure, investment characteristic, investment determination function, investment equation, investment function, Private investment, Public investment spending, WP