This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Effect of Government Spending and Macro-Economic Uncertainty on Private Investment in Services Sector: Evidence from Pakistan Author info | Abstract | Publisher info | Download info | Related research | Statistics Ahmad, Imtiaz
Qayyum, Abdul
Additional information is available for the following
registered author(s):
This study examines the effect of government spending and macroeconomic uncertainty on private fixed investment in services sector of the Pakistan for the period from 1972 to 2005. We first investigated time series properties of data then estimated long run model using cointegration technique. The results show that government spending and interest rate affect private investment in services sector in Pakistan. The preferred short-run dynamic investment function indicates that increase in government current spending and interest rate discourages private investment and similarly macroeconomic instability and uncertainty affect the private investment negatively.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
11673.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length:
Date of creation: Aug 2008Date of revision:
Handle: RePEc:pra:mprapa:11673Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Ekkehart Schlicht).
Keywords: Private Investment ; Government Expenditure ; Macroeconomic uncertainty ; Services Sector ; Co-integration ; Pakistan ; Other versions of this item:
Find related papers by JEL classification: E2 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Ghura, Dhaneshwar & Goodwin, Barry, 2000.
"Determinants of Private Investment: A Cross-Regional Empirical Investigation ,"
Applied Economics ,
Taylor and Francis Journals, vol. 32(14), pages 1819-29, November.
[Downloadable!] (restricted)
George, Anita & Morisset, Jacques, 1995.
"Does Price Uncertainty Really Reduce Private Investment? A Small Model Applied to Chile ,"
Applied Economics ,
Taylor and Francis Journals, vol. 27(6), pages 517-22, June.
Other versions: Pindyck, Robert S., 1993.
"Investments of uncertain cost ,"
Journal of Financial Economics ,
Elsevier, vol. 34(1), pages 53-76, August.
[Downloadable!] (restricted)
Other versions: Looney, Robert E., 1997.
"Infrastructure and private sector investment in Pakistan ,"
Journal of Asian Economics ,
Elsevier, vol. 8(3), pages 393-420.
[Downloadable!] (restricted)
Mehdi S. Monadjemi, 1996.
"Public Expenditure And Private Investment: A Study of Three OECD Countries ,"
Studies in Economics
9601, Department of Economics, University of Kent.
Schwert, G. William, 1987.
"Effects of model specification on tests for unit roots in macroeconomic data ,"
Journal of Monetary Economics ,
Elsevier, vol. 20(1), pages 73-103, July.
[Downloadable!] (restricted)
Serven, Luis, 2002.
"Real exchange rate uncertainty and private investment in developing countries ,"
Policy Research Working Paper Series
2823, The World Bank.
[Downloadable!]
B Ouattara, 2004.
"Modelling the Long Run Determinants of Private Investment in Senegal ,"
The School of Economics Discussion Paper Series
0413, Economics, The University of Manchester.
[Downloadable!]
Hendry, David F. & Richard, Jean-Francois, 1982.
"On the formulation of empirical models in dynamic econometrics ,"
Journal of Econometrics ,
Elsevier, vol. 20(1), pages 3-33, October.
[Downloadable!] (restricted)
David Stasavage, 2000.
"Private Investment and Political Uncertainty ,"
STICERD - Development Economics Papers
25, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
[Downloadable!]
Imtiaz Ahmed & Abdul Qayyum, 2007.
"Do Public Expenditure and Macroeconomic Uncertainty Matter to Private Investment? Evidence from Pakistan ,"
The Pakistan Development Review ,
Pakistan Institute of Development Economics, vol. 46(2), pages 145-161.
[Downloadable!]
Pereira, Alfred M. & Roca-Sagales, Oriol, 2001.
"Infrastructures and private sector performance in Spain ,"
Journal of Policy Modeling ,
Elsevier, vol. 23(4), pages 371-384, May.
[Downloadable!] (restricted)
Pindyck, Robert S., 1990.
"Irreversibility, uncertainty, and investment ,"
Working papers
3137-90., Massachusetts Institute of Technology (MIT), Sloan School of Management.
[Downloadable!]
Other versions:
Robert S. Pindyck, 1991.
"Irreversibility, Uncertainty, and Investment ,"
NBER Working Papers
3307, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Pindyck, Robert, 1989.
"Irreversibility, uncertainty, and investment ,"
Policy Research Working Paper Series
294, The World Bank.
[Downloadable!] Pindyck, Robert S, 1991.
"Irreversibility, Uncertainty, and Investment ,"
Journal of Economic Literature ,
American Economic Association, vol. 29(3), pages 1110-48, September.
[Downloadable!] (restricted) Serven, Luis & Solimano, Andres, 1993.
"Debt crisis, adjustment policies and capital formation in developing countries: Where do we stand? ,"
World Development ,
Elsevier, vol. 21(1), pages 127-140, January.
[Downloadable!] (restricted)
Monadjemi, Mehdi S, 1993.
"Fiscal Policy and Private Investment Expenditure: A Study of Australia and the United States ,"
Applied Economics ,
Taylor and Francis Journals, vol. 25(2), pages 143-48, February.
Serven, Luis & Solimano, Andres, 1991.
"Adjustment policies and investment performance in developing countries : theory, country experiences, and policy implications ,"
Policy Research Working Paper Series
606, The World Bank.
[Downloadable!]
Full
references
Access and
download statistics Did you know? IDEAS also indexes books .
This page was last updated on 2009-12-4.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .