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PRIVATE INVESTMENT AND FISCAL POLICY IN PAKISTAN

AFIA MALIK
경제연구소 (Hanyang Economic Research Institute)|2013.03|Journal of Economic Development|제38권 제1호|pp. 83-109|DOI 10.35866/caujed.2013.38.1.005

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참고문헌

키워드

Fiscal PolicyPrivate InvestmentNon-Linear Relationship
주제분류경제학

초록

This paper has examined linear as well as non-linear impact of fiscal policy variables on private investment in Pakistan. The results imply that it’s better to examine different aspects of fiscal policy instead of fiscal policy variables in aggregate form as the impact of fiscal policy variables in aggregate and disaggregate form do not comply with each other. Different categories of expenditures and revenues have different impact on private investment. Secondly, in most of the cases there exists a non-linear relationship, which implies the significance of certain threshold level for the different fiscal policy instruments to encourage private investment.

Abstract

This paper has examined linear as well as non-linear impact of fiscal policy variables on private investment in Pakistan. The results imply that it’s better to examine different aspects of fiscal policy instead of fiscal policy variables in aggregate form as the impact of fiscal policy variables in aggregate and disaggregate form do not comply with each other. Different categories of expenditures and revenues have different impact on private investment. Secondly, in most of the cases there exists a non-linear relationship, which implies the significance of certain threshold level for the different fiscal policy instruments to encourage private investment.

참고문헌 (34)

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