PRIVATE INVESTMENT AND FISCAL POLICY IN PAKISTAN

Afia Malik

Journal of Economic Development, 2013, vol. 38, issue 1, 83-109

Abstract: This paper has examined linear as well as non-linear impact of fiscal policy variables on private investment in Pakistan. The results imply that it¡¯s better to examine different aspects of fiscal policy instead of fiscal policy variables in aggregate form as the impact of fiscal policy variables in aggregate and disaggregate form do not comply with each other. Different categories of expenditures and revenues have different impact on private investment. Secondly, in most of the cases there exists a non-linear relationship, which implies the significance of certain threshold level for the different fiscal policy instruments to encourage private investment.

Keywords: Fiscal Policy; Private Investment; Non-Linear Relationship (search for similar items in EconPapers)
JEL-codes: E22 E62 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:38:y:2013:i:1:p:83-109

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