Open AccessMacroeconomic Policy and Private Investment in Pakistan
Author(s) -
Ashfaque H. Khan
Publication year - 1988
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v27i3pp.278-291
Subject(s) - investment (military) , economics , investment function , developing country , fiscal policy , macroeconomics , function (biology) , international economics , monetary policy , monetary economics , economic growth , production (economics) , political science , politics , evolutionary biology , biology , law
This paper demonstrates that a theoretically consistentinvestment function for a developing country like Pakistan can bespecified and estimated. A variant of the flexible accelerator model wasmodified to Incorporate the special features of developing countries.Within the framework of the model thus derived, the impact of fiscal andmonetary policies on private investment has been examined.