Record Details

Determinants of Domestic Private Investment: Test of Alternative Hypotheses for Pakistan

International Journal of Research in Business and Social Science

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Field Value
 
Title Determinants of Domestic Private Investment: Test of Alternative Hypotheses for Pakistan
 
Creator Waheed, Abdul; University of Bahrain
 
Subject Economics, Macroeconomics
Private Investment, Conventional Determinants, Non-conventional Determinants, Pakistan
 
Description This paper analyzes the determinants of domestic fixed private investment in Pakistan using long time series data for the period 1982 to 2012. The conventional variable such as output is not significant in explaining the domestic private investment but the interest rate has significant negative effect on private in the long run.The results of the study confirm the validity of crowding in hypothesis and debt overhang hypothesis for Pakistan. This study did not find any support for Mackinnon-Shaw hypothesis. The improvement in law and order condition and existence of democratic political regime in the country has significant positive effect on domestic private investment in the long run. The focus on non-conventional variables could restore investor’s confidence and may result in the recovery of domestic private investment in the country.
 
Publisher SSBFNET
 
Contributor —
 
Date 2015-06-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/409
 
Source International Journal of Research in Business and Social Science ( ISSN: 2147- 4478); Vol 4, No 2 (2015): April; 35-43
2147-4478
 
Language eng
 
Relation http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/409/407
 
Rights Copyright (c) 2015 International Journal of Research in Business and Social Science ( ISSN: 2147- 4478)
http://creativecommons.org/licenses/by/4.0