Macroeconomic Constraints on Private Sector Investment in Pakistan
Abstract
The purpose of this paper is to assess the manner in which the Government's fiscal polices affect the willingness of the private sector to invest, especially in the all-important manufacturing sector. Using an optimal control analysis to examine alternative fiscal packages, it is shown that proper economic management can return the country to a high growth path while avoiding many of the imbalances that have characterized recent economic performance. This analysis suggests that deficit reduction must be the key element in any future policy package.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1995
- Accession Number
- ADA529257
Entities
People
- Robert E. Looney
Organizations
- Naval Postgraduate School