Determinants of Private Investment in Pakistan

Author/Editor:

Khaled Sakr

Publication Date:

March 1, 1993

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper investigates the 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, it is estimated that private investment was positively correlated to GDP growth, to credit extended to the private sector, and to government investment. When government investment is disaggregated into Its infrastructural and noninfrastructural components, the latter is found to be negatively correlated with private investment.

Series:

Working Paper No. 1993/030

Subject:

Credit Expenditure Infrastructure Money National accounts Private investment Public investment spending

English

Publication Date:

March 1, 1993

ISBN/ISSN:

9781451844863/1018-5941

Stock No:

WPIEA0301993

Pages:

34

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