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The Impact of Public Investment on Economic Growth in Pakistan

Year: 2006

Type: article

Abstract: This paper explores the role of public investment in the process of economic growth, in the context of Pakistan’s economy, using the vector autoregressive approach (VAR). Based on theoretical considerations, the model also includes private investment and public consumption besides public investment. The results show that growth is largely driven by private investment and that no strong inference can be drawn from the effects of public investment and public consumption on economic growth. JEL Classification: E2, 04. Keywords: Public Investment, Economic Growth.

Source: The Pakistan Development Review

DOI: 10.30541/v45i1pp.87-98

Authors: Ejaz Ghani, Musleh-ud Din

Language: English

Topic: Fiscal Policy and Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W2156385994

FWCI: 1.605

Cites: 34

Cited by: 70

Related to: 10