Impact of Public Infrastructure Investment on Private Infrastructure Investment

نویسندگان

چکیده

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

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Private Sector Participation in Infrastructure Investment

rivate participation in the provision of infrastructure is less than was once expected, particularly in developing countries. Some reasons for this are identified in this paper. It is argued that the problem of dealing with market power in the provision of infrastructure services is similar to that of other forms of procurement in the presence of long-lived and immobile assets employed specific...

متن کامل

Estimating Productivity of Public Infrastructure Investment

The productivity e¤ect of public infrastructure investment is controversial in the traditional literature using aggregate production function estimation, mainly due to reverse causality. This paper develops a new approach, using a model of endogenous productivity in a …rm-level production function, and matching Chinese …rm-level production data with province-level infrastructure data. The estim...

متن کامل

Impact of Transport Infrastructure Investment on Economic Development and Employment

The present paper is an effort to support a rational and justified answer to the question whether and to which extent the various categories of transport infrastructure (airports, roads, railways, ports) contribute to economic development and employment. The analysis is based on a review of relevant scientific work and research conducted by the authors. Conditions for a transport infrastructure...

متن کامل

Measuring and Mitigating Regulatory Risk in Private Infrastructure Investment

Mark Jamison is Director of the Public Utility Research Center (PURC), Warrington College of Business, University of Florida. Before joining PURC in 1996, he was Manager of Regulatory Policy at Sprint. Prior to joining Sprint, he worked nine years for state regulatory commission staffs at the Iowa Utilities Board and the Kansas Corporation Commission. He earned his PhD at the University of Flor...

متن کامل

Political Economy of Infrastructure Investment

The importance of infrastructure for growth is well established in the macroeconomic literature. Previous research has treated public investment in infrastructure as exogenous. We remedy this shortcoming by providing a political economy analysis of infrastructure choice based upon consumer preferences derived from spatial competition models. In this setting, infrastructure investment has two po...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Review of economics and development studies

سال: 2021

ISSN: ['2519-9692', '2519-9706']

DOI: https://doi.org/10.47067/reads.v7i3.395