Determinants of Private Investment in Pakistan

Khaled Sakr

No 1993/030, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; government investment; investment function; disincentive impact; government infrastructure investment; investment characteristic; investment determination function; investment equation; determinant factor; Public investment spending; Private investment; Credit; Infrastructure (search for similar items in EconPapers)
Pages: 34
Date: 1993-03-01
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Citations: View citations in EconPapers (25)

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