Public Investment Efficiency And Sectoral Economic Growth In Pakistan

Author : Ahmed, Qazi Masood,Ali, Syed Ammad
Publisher : Intl Food Policy Res Inst
Page : 39 pages
File Size : 54,8 Mb
Release : 2024-07-02
Category : Social Science
ISBN : 8210379456XXX

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Public Investment Efficiency and Sectoral Economic Growth in Pakistan by Ahmed, Qazi Masood,Ali, Syed Ammad Pdf

This paper compares the effects of aggregate and sectoral public investments on sectoral private investment, output, and employment. We estimate the elasticities of private investment with respect to aggregate and sectoral public investments to find crowding-out or crowding-in phenomena in Pakistan. The study also reveals the changes in labor absorption or replacement due to additional capital and the effects on output. Our data covers eight sectors of the Pakistan economy and uses annual time series data from 1964 to 2011. This study uses vector autoregressive (VAR) techniques, as applied by Pereira (2000, 2001), which allows measuring the dynamic feedback effects among the variables.

Author : Debowicz, Dario,Dorosh, Paul A.,Robinson, Sherman,Haider, Hamza S.
Publisher : Intl Food Policy Res Inst
Page : 4 pages
File Size : 40,6 Mb
Release : 2014-09-22
Category : Social Science
ISBN : 8210379456XXX

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Implications of productivity growth in Pakistan – an economy wide analysis by Debowicz, Dario,Dorosh, Paul A.,Robinson, Sherman,Haider, Hamza S. Pdf

This policy note describes the economy wide implications of public investments and policies developed under Pakistan’s new Framework for Economic Growth. Policies based on this Framework are expected to lead to substantial gains in productivity in the industrial and service sectors of Pakistan’s economy. We use Computable General Equilibrium (CGE) analysis to compare the implications on welfare and growth under different distributions of productivity growth across sectors.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 94 pages
File Size : 41,5 Mb
Release : 2023-11-17
Category : Business & Economics
ISBN : 9798400259784

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Pakistan by International Monetary Fund. Fiscal Affairs Dept. Pdf

Pakistan is working to improve its public investment management (PIM) to support economic growth and service delivery and make public infrastructure more sustainable and resilient to climate change. This assessment applies the IMF’s Public Investment Management Assessment (PIMA) framework, including the Climate-PIMA module. It highlights some of the important efforts made in recent years to strengthen PIM and identifies scope for further strengthening of key institutions. In a context where fiscal space is tight and climate action urgent, it recommends a number of targeted actions to move reforms forward.

Author : Muhammad Arshad Khan,Raja Shujaat Ali Khan
Publisher : Unknown
Page : 22 pages
File Size : 41,5 Mb
Release : 2011
Category : Finance
ISBN : OCLC:833051327

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Foreign Direct Investment and Economic Growth in Pakistan by Muhammad Arshad Khan,Raja Shujaat Ali Khan Pdf

Author : Robert E. Looney
Publisher : Praeger
Page : 224 pages
File Size : 49,7 Mb
Release : 1997-09-16
Category : Business & Economics
ISBN : STANFORD:36105019330732

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The Pakistani Economy by Robert E. Looney Pdf

Provides an assessment of Pakistan's experience with economic reforms during the period from the late 1970s to the early 1990s and examines the country's policy options to the year 2000. Includes a chapter on Islamic modes of financing.

Author : Mr.Chris Papageorgiou,Zac Mills,Ms.Era Dabla-Norris,Mr.Jim Brumby,Ms.Annette Kyobe
Publisher : International Monetary Fund
Page : 46 pages
File Size : 47,7 Mb
Release : 2011-02-01
Category : Business & Economics
ISBN : 9781455217892

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Investing in Public Investment by Mr.Chris Papageorgiou,Zac Mills,Ms.Era Dabla-Norris,Mr.Jim Brumby,Ms.Annette Kyobe Pdf

This paper introduces a new index that captures the institutional environment underpinning public investment management across four different stages: project appraisal, selection, implementation, and evaluation. Covering 71 countries, including 40 low-income countries, the index allows for benchmarking across regions and country groups and for nuanced policy-relevant analysis and identification of specific areas where reform efforts could be prioritized. Potential research venues are outlined.

Author : John Cockburn,Yazid Dissou,Jean-Yves Duclos,Luca Tiberti
Publisher : Springer
Page : 148 pages
File Size : 48,8 Mb
Release : 2013-12-05
Category : Business & Economics
ISBN : 9783319031378

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Infrastructure and Economic Growth in Asia by John Cockburn,Yazid Dissou,Jean-Yves Duclos,Luca Tiberti Pdf

Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries, since the start of this millennium. This book provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. The book will be of interest to scholars and policy-makers concerned with economic growth in developing countries.

Author : Stephane Straub
Publisher : World Bank Publications
Page : 54 pages
File Size : 52,9 Mb
Release : 2016
Category : Electronic
ISBN : 8210379456XXX

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Infrastructure and Growth in Developing Countries by Stephane Straub Pdf

This paper presents a survey of recent research on the economics of infrastructure in developing countries. Energy, transport, telecommunications, water and sanitation are considered. The survey covers two main set of issues: the linkages between infrastructure and economic growth (at the economy-wide, regional and sectoral level) and the composition, sequencing and efficiency of alternative infrastructure investments, including the arbitrage between new investments and maintenance expenditures; OPEX and CAPEX, and public versus private investment. Following the introduction, section 2 discusses the theoretical foundations (growth theory and new economic geography). Section 3 assesses the analysis of 140 specifications from 64 recent empirical papers - examining type of data used, level of aggregation, econometric techniques and nature of the sample - and discusses both the macro-econometric and micro-econometric contributions of these papers. Finally section 4 discusses directions for future research and suggests priorities in data development.

Author : Kai Kaiser,Tuan Minh Le
Publisher : World Bank Publications
Page : 203 pages
File Size : 44,6 Mb
Release : 2014-10-17
Category : Business & Economics
ISBN : 9781464803161

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The Power of Public Investment Management by Kai Kaiser,Tuan Minh Le Pdf

Public resources--if invested well in public infrastructure and services--can catalyze private and community e orts and unleash an inclusive growth and development process. But too often public projects are selectedto support political patronage, poorly designed, underfunded, long delayed, very costly, or badly implemented, with little bene t to the population. This is a critical challenge for many countries, both rich and poor. This book identi es eight key institutional features that countries need to adopt to ensure that public investments support growth and development. The Power of Public Investment Management provides a clear, nontechnical discussion on approaches to improving project appraisal, disciplining political intervention in project selection, dealing with uncertainty (an issue that is likely to grow in importance with the e ects of climate change), integrating procurement skills into project design and implementation, and managing the decision on public-private partnerships. Byproviding a simple but comprehensive framework and global experience, the book provides policy makers the guidance to adopt good functional principles in the design of institutions to strengthen public investment management.

Author : Aissatou Diallo
Publisher : International Monetary Fund
Page : 28 pages
File Size : 54,8 Mb
Release : 2021-12-03
Category : Business & Economics
ISBN : 9781589068544

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Successful Transitions from Public to Private-Sector Led Growth: Lessons for Benin by Aissatou Diallo Pdf

Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a strategy contributed to the improvement of infrastructure, but also to a build-up of debt vulnerabilities. Looking forward, the planned fiscal consolidation will result in some restraint of public spending, and, in particular, public investment. In this context, maintaining or even raising the region’s economic growth will require an offset by the private sector. The analysis draws lessons from countries that have successfully transitioned from public investment to private investment-led growth using a global sample starting in the mid-1980s. These lessons highlight policies that have been crucial in fostering a rebound of private investment in the wake of a contraction of public investment. The analytical framework proposed by Hausman, Rodrik and Velasco (2005) is used to identify and classify such policies. Finally, the paper analyses how the identified policies could help Benin achieving a smooth transition from public to private sector-led growth.

Author : Ministry of Finance, Government of India
Publisher : Oxford University Press
Page : 576 pages
File Size : 52,5 Mb
Release : 2018-03-31
Category : Business & Economics
ISBN : 9780199094134

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Economic Survey 2017-18 (Volume I and Volume II) by Ministry of Finance, Government of India Pdf

The Economic Survey is the budget document of the Government of India. It presents the state of affairs of the Indian economy. Economic Survey 2017-18 consists of two volumes. Volume I provides an analytical overview of the performance of the Indian economy during the financial year 2017-18. It highlights the long-term challenges facing the economy. Volume II is a descriptive review of the major sectors of the economy. It emphasizes economic reforms of contemporary relevance like GST, the investment-saving slowdown, fiscal federalism and accountability, gender inequality, climate change and agriculture, science and technology, among others.

Author : Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael
Publisher : International Monetary Fund
Page : 48 pages
File Size : 49,5 Mb
Release : 1995-02-01
Category : Business & Economics
ISBN : 9781451922523

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Public Policies and Private Savings and Investment in Sub-Saharan Africa by Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael Pdf

This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis are as follows: (i) policies effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic uncertainty, promote financial deepening, and lower the external debt burden; (ii) measures that promote structural reforms and reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in government savings are only partially offset by increases in private savings.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 70 pages
File Size : 48,9 Mb
Release : 2020-01-27
Category : Business & Economics
ISBN : 9781513528090

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Benin by International Monetary Fund. Fiscal Affairs Dept. Pdf

The Public Investment Management Assessment (PIMA) of Benin has brought to light an institutional framework of high quality but ineffective implementation. In accordance with the PIMA methodology applied in several countries, the mission focused on assessing the institutional strengths for each institution in the analytical framework, as well as its effective implementation. The authorities in 2016 adopted an ambitious investment plan, the government action program (PAG), which is designed to stimulate Benin's economic and social development. Investments in flagship sectors have been identified as means to support this development; the PAG provides recourse primarily to new financing mechanisms, such as public-private partnerships, to ensure the realization of these investments. In connection with the implementation of the PAG, the financial incidences of selected projects should be fully accounted for and reflected in the budget documentation to ensure their sustainability. Enhanced coordination of planning and budget exercises would encourage a better consideration of recurrent expenditure.

Author : Shubham Anand
Publisher : Arihant Publications India limited
Page : 133 pages
File Size : 48,9 Mb
Release : 2021-11-20
Category : Electronic
ISBN : 9789325796959

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Arihant CBSE Economics Term 2 Class 12 for 2022 Exam (Cover Theory and MCQs) by Shubham Anand Pdf

With newly introduced 2 Term Examination Pattern, CBSE has eased out the pressure of preparation of subjects and cope up with lengthy syllabus. Introducing, Arihant’s CBSE TERM II – 2022 Series, the first of its kind that gives complete emphasize on the rationalize syllabus of Class 9th to 12th. The all new “CBSE Term II 2022 – Economics” of Class 12th provides explanation and guidance to the syllabus required to study efficiently and succeed in the exams. The book provides topical coverage of all the chapters in a complete and comprehensive manner. Covering the 50% of syllabus as per Latest Term wise pattern 2021-22, this book consists of: 1. Complete Theory in each Chapter covering all topics 2. Case-Based, Short and Long Answer Type Question in each chapter 3. Coverage of NCERT, NCERT Examplar & Board Exams’ Questions 4. Complete and Detailed explanations for each question 5. 3 Practice papers base on entire Term II Syllabus. Table of Content Part A: Macroeconomics and Circular Flow of Income, National Income and Its Measurement, Aggregate Demand, Aggregate Supply and Related Concepts, Equilibrium and Disequilibrium in the Economy, Part B: Employment and Unemployment in India, Infrastructure in India, Environment and Sustainable Development, Comparative Development Experience of India and its Neighbours, Practice Papers (1-3).

Author : Fernanda Brollo,Emine Hanedar,Mr. Sébastien Walker
Publisher : International Monetary Fund
Page : 21 pages
File Size : 46,5 Mb
Release : 2021-04-29
Category : Business & Economics
ISBN : 9781513582399

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Pakistan: Spending Needs for Reaching Sustainable Development Goals (SDGs) by Fernanda Brollo,Emine Hanedar,Mr. Sébastien Walker Pdf

This paper assesses the additional spending required to make substantial progress towards achieving the SDGs in Pakistan. We focus on critical areas of human (education and health) and physical (electricity, roads, and water and sanitation) capital. For each sector, we document the progress to date, assess where Pakistan stands relative to its peers, highlight key challenges, and estimate the additional spending required to make substantial progress. The estimates for the additional spending are derived using the IMF SDG costing methodology. We find that to achieve the SDGs in these sectors would require additional annual spending of about 16 percent of GDP in 2030 from the public and private sectors combined.