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dc.contributor.authorLooney, Robert E.
dc.date1999
dc.date.accessioned2013-12-18T17:52:19Z
dc.date.available2013-12-18T17:52:19Z
dc.date.issued1999
dc.identifier.urihttp://hdl.handle.net/10945/38027
dc.descriptionInternational Journal of Social Economics, Vol. 26 No. 4, 1999, pp. 521-536, © MCB University Press, 0306-8293en_US
dc.description.abstractThe cornerstone of the government’s adjustment program is to increase the efficiency of private investment and activity by deregulating the economy and promoting competition. The counterpart of this fundamental strategy is the need to increase the effectiveness of the public sector which in Pakistan had become overextended. To this end, public sector resources and management capacity are being redirected and concentrated in those areas in which public sector intervention is required because of market failures or social objectives. The results obtained strongly suggest that the government’s program is supported by strong empirical evidence. There is no question that private investment has been discouraged by the public capital formation in manufacturing. Not only has government investment in this area stifled the private sector, but also it has diverted funds away from productive activities that would most likely have encouraged a follow-on expansion in private investment.en_US
dc.publisherMonterey, California: Naval Postgraduate School.en_US
dc.titleGovernment investment in manufacturing, Stimulus or hindrance to Pakistan's private sector?en_US
dc.contributor.departmentNational Security Affairs
dc.subject.authorDeregulationen_US
dc.subject.authorDevelopment plansen_US
dc.subject.authorGovernment infrastructureen_US
dc.subject.authorInvestmenten_US
dc.subject.authorPakistanen_US


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