Government Investment and Follow-on Private Sector Investment in Pakistan, 1972-1995
Authors
Looney, R.E.
Subjects
Advisors
Date of Issue
1997
Date
1997
Publisher
Language
Abstract
The possibility that government investment can stimulate private sector investment has long been
suggested. Until recently, an appropriate model to test for the relationship in developing countries
has been absent. In 1984, Blejer and Khan developed and estimated a model for 24 developing countries
between 1971 and 1979. They found that higher rates of investment took place when the private
sector took a large role in capital formation. This paper estimates a similar model for one developing
country, Pakistan, for the period 1972 to 1995. Our results are broadly similar to those obtained
by Blejer and Khan and we suggest ways for the Pakistan government to stimulate the private sector
by selective types of public investment.
Type
Article
Description
Journal of Economic Development, June 1997.
Refereed Journal Article
Refereed Journal Article
Series/Report No
Department
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Looney, R.E., "Government Investment and Follow-on Private Sector Investment in Pakistan, 1972-1995,” Journal of Economic Development, Volume 22, Number 1, June 1997.
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.