ARTÍCULO
TITULO

Determinants of Domestic Private InvestmentTest of Alternative Hypotheses for Pakistan

Abdul Waheed    

Resumen

This paper analyzes the determinants of domestic private investment in Pakistan using long time series data for the period 1982 to 2012. The conventional variable such as output is not significant in explaining the domestic private investment but the interest rate has significant negative effect on private investment in the long run. The results of the study confirm the validity of crowding in hypothesis and debt overhang hypothesis for Pakistan. This study did not find any support for Mackinnon-Shaw hypothesis. The improvement in law and order condition and existence of democratic political regime in the country has significant positive effect on domestic private investment in the long run. The focus on non-conventional variables could restore investors? confidence and may result in the recovery of domestic private investment in the country.

 Artículos similares

       
 
DENNIS RIDLEY     Pág. Page:184 - 199Abstrac

 
Nur Syakina Anuar,Mohd Tahir Ismail     Pág. 359 - 362
This study aims to determine the determinants of intraindustry trade (IIT) between Malaysia and their Association of South East Asian Nations (ASEAN) trade partners by using the panel data approach. Eight ASEAN countries are selected while nine variables... ver más

 
Svetlana S. Nosova,Ivan D. Mackulyak,Svetlana V. Lyubimtseva,Pulat F. Askerov,Leonid I. Shkalaberda,Ul?vi Takhirogly Aliev     Pág. 21 - 26
Theoretic-methodological bases for the research of innovative development of the Russian economy. Proved the need to find effective approaches to scientific development and practical implementation of the concept of strategic management. Asked to abandon... ver más