{
  "title": "Determinants of Private Investment in Pakistan",
  "publication": "IMF Working Papers, March 1, 1993",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/determinants-of-private-investment-in-pakistan-733",
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  "summary": "This paper investigates the determinants of private investment in Pakistan with special emphasis on the impact of government investment.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Title: Determinants of Private Investment in Pakistan\n- Author: Khaled Sakr\n- Publication date: March 1, 1993\n- 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."
    },
    {
      "heading": "Data and methodology",
      "content": "- Data frequency: annual\n- Sample period: 1973/74-1991/92\n- Pages: 34\n- Analytical focus: estimation of correlations between private investment and macroeconomic and policy variables, including disaggregation of government investment into infrastructural and noninfrastructural components."
    },
    {
      "heading": "Key empirical findings",
      "content": "- Private investment was positively correlated to GDP growth.\n- Private investment was positively correlated to credit extended to the private sector.\n- Private investment was positively correlated to government investment (aggregate).\n- When government investment is disaggregated:\n  - Government noninfrastructural investment is negatively correlated with private investment.\n  - Government infrastructural investment (by implication from disaggregation) does not share the negative correlation attributed to the noninfrastructural component."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Credit, Expenditure, Infrastructure, Money, National accounts, Private investment, Public investment spending\n- 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\n\n---\n\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/determinants-of-private-investment-in-pakistan-733"
    }
  ],
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    "Authors: Khaled Sakr",
    "Published: March 1, 1993",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451844863.001",
    "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 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.",
    "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:",
    "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"
  ],
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