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A Study of Investment Behaviour in Pakistan, 1962-70

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  • RASHID AMJAD

    (Queens College, Cambridge)

Abstract

The purpose of this paper is to test how far investment by individual firms was related to profits and to sales in Pakistan in the sixties, and to explore in particular how the relationship differed between the first and second halves of the decade. These periods correspond roughly to the Second Five\Year Plan (1960/61 to 1964/65) and the Third Five Year Plan (1965/66 to 1969-70). Between these two periods, 'boom' gave way to 'stagnation' and the availability of loans to firms on favourable terms shrank considerably. These loans had an important influence on the financing of investment and the behaviour of firms in Pakistan, where the institutional framework was very different from that of a market economy of the advanced industrial countries in the West.

Suggested Citation

  • Rashid Amjad, 1976. "A Study of Investment Behaviour in Pakistan, 1962-70," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 15(2), pages 134-153.
    • Handle: RePEc:pid:journl:v:15:y:1976:i:2:p:134-153
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    File URL: http://www.pide.org.pk/pdf/PDR/1976/Volume2/134-153.pdf
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    References listed on IDEAS

    as
    1. M. Tariq Durrani, 1966. "The Pattern of Private Industrial Investment in Pakistan During the Second Five Year Plan Period," PIDE-Working Papers 1966:054, Pakistan Institute of Development Economics.
    2. Amjad, Rashid, 1973. "Growth, profitability and savings of quoted public limited companies 1964-70," MPRA Paper 39260, University Library of Munich, Germany.
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