Macroeconomic Constraints on Private Sector Investment in Pakistan

Date

1995

Author

Looney, Robert E.

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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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.

URI

https://hdl.handle.net/11511/112378

Collections

Department of Economics, Article