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Public investment efficiency and sectoral economic growth in Pakistan

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  • Ahmed, Qazi Masood
  • Ali, Syed Ammad

Abstract

This paper compares the effects of aggregate and sectoral public investments on sectoral private investment, output, and employment. We estimate the elasticities of private investment with respect to aggregate and sectoral public investments to find crowding-out or crowding-in phenomena in Pakistan. The study also reveals the changes in labor absorption or replacement due to additional capital and the effects on output. Our data covers eight sectors of the Pakistan economy and uses annual time series data from 1964 to 2011. This study uses vector autoregressive (VAR) techniques, as applied by Pereira (2000, 2001), which allows measuring the dynamic feedback effects among the variables.

Suggested Citation

  • Ahmed, Qazi Masood & Ali, Syed Ammad, 2014. "Public investment efficiency and sectoral economic growth in Pakistan," PSSP working papers 22, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:psspwp:22
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    File URL: https://hdl.handle.net/10568/150046
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    Cited by:

    1. Jameel Ahmed, 2016. "Credit Conditions in Pakistan: Supply Constraints or Demand Deficiencies?," The Developing Economies, Institute of Developing Economies, vol. 54(2), pages 139-161, June.
    2. Masood Ahmed Qazi & Syed Ammad, 2021. "Public investment efficiency and sectoral economic growth in Pakistan," Development Policy Review, Overseas Development Institute, vol. 39(3), pages 450-470, May.

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