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Macroeconomic Policy and Private Investment in Pakistan

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  • AsHFAQUE H KHAN

    (Pakistan Institute of Development Economics,Islamabad.)

Abstract

This paper demonstrates that a theoretically consistent investment function for a developing country like Pakistan can be specified and estimated. A variant of the flexible accelerator model was modified to incorporate the special features of developing countries. Within the framework of the model thus derived, the impact of fiscal and monetary policies on private investment has been examined.

Suggested Citation

  • AsHFAQUE H KHAN, 1988. "Macroeconomic Policy and Private Investment in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 27(3), pages 278-291.
  • Handle: RePEc:pid:journl:v:27:y:1988:i:3:p:278-291
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    File URL: http://www.pide.org.pk/pdf/PDR/1988/Volume3/229-276.pdf
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    Cited by:

    1. Ahmad, Imtiaz & Qayyum, Abdul, 2008. "Effect of Government Spending and Macro-Economic Uncertainty on Private Investment in Services Sector: Evidence from Pakistan," MPRA Paper 11673, University Library of Munich, Germany.
    2. Syed, Shabib Haider & Majeed, Muhammad Tariq, 2007. "Public Policy and Private Investment in Pakistan," MPRA Paper 57675, University Library of Munich, Germany.
    3. Muhammad Farooq Arby & Irem Batool, 2007. "Estimating Quarterly Gross Fixed Capital Formation," SBP Working Paper Series 17, State Bank of Pakistan, Research Department.
    4. Kalim Hyder & Qazi Masood Ahmed, 2004. "Why Private Investment In Pakistan Has Collapsed And How It Can Be Restored," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 9(1), pages 107-125, Jan-June.
    5. Looney, Robert E., 1997. "Excessive defense expenditures and economic stabilization: The case of Pakistan," Journal of Policy Modeling, Elsevier, vol. 19(4), pages 381-406, August.

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