Public investment efficiency and sectoral economic growth in Pakistan
This paper compares the effects of aggregate and sectoral public investments on sectoral private investment, output, and employment. We estimate the elasticities of private investment with respect to aggregate and sectoral public investments to find crowding-out or crowding-in phenomena in Pakistan....
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2014
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/150046 |
| _version_ | 1855513621272985600 |
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| author | Ahmed, Qazi Masood Ali, Syed Ammad |
| author_browse | Ahmed, Qazi Masood Ali, Syed Ammad |
| author_facet | Ahmed, Qazi Masood Ali, Syed Ammad |
| author_sort | Ahmed, Qazi Masood |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper compares the effects of aggregate and sectoral public investments on sectoral private investment, output, and employment. We estimate the elasticities of private investment with respect to aggregate and sectoral public investments to find crowding-out or crowding-in phenomena in Pakistan. The study also reveals the changes in labor absorption or replacement due to additional capital and the effects on output. Our data covers eight sectors of the Pakistan economy and uses annual time series data from 1964 to 2011. This study uses vector autoregressive (VAR) techniques, as applied by Pereira (2000, 2001), which allows measuring the dynamic feedback effects among the variables. |
| format | Artículo preliminar |
| id | CGSpace150046 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1500462025-11-06T05:03:50Z Public investment efficiency and sectoral economic growth in Pakistan Ahmed, Qazi Masood Ali, Syed Ammad economic growth public investment agricultural sector macroeconomics productivity private sector This paper compares the effects of aggregate and sectoral public investments on sectoral private investment, output, and employment. We estimate the elasticities of private investment with respect to aggregate and sectoral public investments to find crowding-out or crowding-in phenomena in Pakistan. The study also reveals the changes in labor absorption or replacement due to additional capital and the effects on output. Our data covers eight sectors of the Pakistan economy and uses annual time series data from 1964 to 2011. This study uses vector autoregressive (VAR) techniques, as applied by Pereira (2000, 2001), which allows measuring the dynamic feedback effects among the variables. 2014 2024-08-01T02:50:32Z 2024-08-01T02:50:32Z Working Paper https://hdl.handle.net/10568/150046 en Open Access application/pdf International Food Policy Research Institute Ahmed, Qazi Masood; Ali, Syed Ammad. 2014. Public investment efficiency and sectoral economic growth in Pakistan. PSSP Working Paper 22. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/150046 |
| spellingShingle | economic growth public investment agricultural sector macroeconomics productivity private sector Ahmed, Qazi Masood Ali, Syed Ammad Public investment efficiency and sectoral economic growth in Pakistan |
| title | Public investment efficiency and sectoral economic growth in Pakistan |
| title_full | Public investment efficiency and sectoral economic growth in Pakistan |
| title_fullStr | Public investment efficiency and sectoral economic growth in Pakistan |
| title_full_unstemmed | Public investment efficiency and sectoral economic growth in Pakistan |
| title_short | Public investment efficiency and sectoral economic growth in Pakistan |
| title_sort | public investment efficiency and sectoral economic growth in pakistan |
| topic | economic growth public investment agricultural sector macroeconomics productivity private sector |
| url | https://hdl.handle.net/10568/150046 |
| work_keys_str_mv | AT ahmedqazimasood publicinvestmentefficiencyandsectoraleconomicgrowthinpakistan AT alisyedammad publicinvestmentefficiencyandsectoraleconomicgrowthinpakistan |