Since 2014
The Effect of Public Sector Development Expenditures and Investment on Economic Growth: Evidence from Pakistan
Journal of Economics and Political Economy
View Archive Info| Field | Value | |
| Title |
The Effect of Public Sector Development Expenditures and Investment on Economic Growth: Evidence from Pakistan
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| Creator |
AHMED, Syed Shujaat; Project Assitant Economic Growth Unit, Sustainable Development Policy Institute, Islamabad
JAVED, Asif |
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| Subject |
Public sector development programme; Foreign direct investment; Private investment.
D92; O40; H51; H52. |
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| Description |
Abstract. It is an established fact that there is strong association between investment and economic growth of a country but no such direct consensus had been developed on the type of investment. i.e. what are the different sectors in which investment has led to long term impact and did contributed to the growth. The current study in this regard will focus on investigating the relationship of Public Sector Development Programme (PSDP), Foreign Direct Investment (FDI) and Private Investment with the growth. The study will use data from 1980-81 to 2015-16 in this regard and employ Johansen cointegration to investigate the long run relationship. It is found that with foreign direct investment, health expenditure and transport and communication expenditure has negative relationship in the long run. Where as private investment, education expenditure and expenditure on housing has positive relationship with growth. Based on these findings recommendations were totally investment centric with primary focus on reduction in taxes and other barriers to bring in more investment in long run. Beside taxation, recommendations were made on administrative balance both in tax system and public sectors which were made part of provincial domain after 18th amendment.Keywords. Public sector development programme, Foreign direct investment, Private investment.JEL. D92, O40, H51, H52.
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| Publisher |
Journal of Economics and Political Economy
Journal of Economics and Political Economy |
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| Contributor |
—
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| Date |
2017-06-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEPE/article/view/1347
10.1453/jepe.v4i2.1347 |
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| Source |
Journal of Economics and Political Economy; Vol 4, No 2 (2017): June; 203-214
Journal of Economics and Political Economy; Vol 4, No 2 (2017): June; 203-214 2148-8347 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEPE/article/view/1347/1333
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| Rights |
Copyright (c) 2017 Journal of Economics and Political Economy
http://creativecommons.org/licenses/by-nc/4.0 |
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