Since 2014
Estimating saving and investment functions in Pakistan
Philippine Review of Economics
View Archive Info| Field | Value | |
| Title |
Estimating saving and investment functions in Pakistan
|
|
| Creator |
Afzal, Mohammad; Department of Economics, Gomal University, D.I. Khan
|
|
| Subject |
saving; investment; macroeconomic policy
|
|
| Description |
This paper estimates simultaneously the saving and investment functions for Pakistan for the period 1960-2003. Compared with other Asian countries, Pakistan has not experienced adequate growth in national savings. Growth of real GDP, real per capita income, foreign capital inflow and investment are found to be the major determinants of savings. The findings support the “displacement hypothesis”. On the other hand, macroeconomic stability, inflation, availability of domestic credit, exchange rate, and foreign and national saving have been found to be the most crucial factors influencing the investment environment. Macroeconomic stability and the pursuit of sound macroeconomic policies can augment both saving and investment. JEL classification: E21, E22, O11
|
|
| Publisher |
Philippine Review of Economics
|
|
| Contributor |
—
|
|
| Date |
2004-06-30
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
|
| Format |
application/pdf
|
|
| Identifier |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/168
|
|
| Source |
Philippine Review of Economics; Vol 41, No 1 (2004)
1655-1516 |
|
| Language |
eng
|
|
| Relation |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/168/588
|
|
| Rights |
Copyright (c) 2019 Philippine Review of Economics
|
|