Pakistan Institute of Development Economics

PDR

THE PAKISTAN DEVELOPMENT REVIEW 

Macroeconomic Policy and Private Investment in Pakistan

This paper demonstrates that a theoretically consistent investment function for a developing country like Pakistan can be specified and estimated. A variant of the flexible accelerator model was modified to Incorporate the special features of developing countries. Within the framework of the model thus derived, the impact of fiscal and monetary policies on private investment has been examined.

Ashfaque H. Khan

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