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Impact of Public Infrastructure Investment on Private Infrastructure Investment

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Title: Impact of Public Infrastructure Investment on Private Infrastructure Investment

Authors: Faisal Nadeem Shah, Zainab Fatima, Bilal Bashir

Journal: Review of Economics and Development Studies

HEC Recognition History
Category From To
Y 2021-07-01 2022-06-30
Y 2020-07-01 2021-06-30

Publisher: SPCRD Global Publishing

Country: Pakistan

Year: 2021

Volume: 7

Issue: 3

Language: English

DOI: 10.47067/reads.v7i3.395

Keywords: Crowding outARDL Bound TestPrivate Infrastructure InvestmentGovernment Infrastructure Investment

Categories
Public Economics (74) Infrastructure Economics (8) Econometrics (4472) Development Economics (3371) Economics (27414)

Abstract

The aim of this paper is to find the relationship among government and private capital formation in Pakistan during the period 1981 to 2018. This study employs Auto Regressive Distributive Lag (ARDL) bound test. The results show that government infrastructure investment negatively effects on private infrastructure capital formation in long run and short run, indicating that government infrastructure investment crowds out private infrastructure investment. In determining the role of the government in investment and liberalization policies, the results of this paper have important policy implications.

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