Government Investment and Follow-on Private Sector Investment in Pakistan, 1972-1995

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.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1997
Accession Number
ADA527846

Entities

People

  • Peter C. Frederiken
  • Robert E. Looney

Organizations

  • Naval Postgraduate School

Tags

DTIC Thesaurus Topics

  • Abstracts
  • Business Administration
  • Continents
  • Economic Development
  • Economics
  • Geographic Regions
  • Governments
  • Information Operations
  • Infrastructure
  • Investments
  • Money
  • National Security
  • Pakistan
  • Security
  • United States
  • United States Government

Readers

  • Computational Modeling and Simulation
  • Government and Public Administration Law.
  • Military and Counterinsurgency Studies.