000164414 001__ 164414
000164414 005__ 20210122073739.0
000164414 0247_ $$2doi$$a10.22004/ag.econ.164414
000164414 037__ $$a1221-2016-98595
000164414 041__ $$aeng
000164414 084__ $$aC68, E22, H54, I38
000164414 245__ $$aPublic Infrastructure and economic growth in Pakistan: a dynamic CGE-microsimulation analysis
000164414 260__ $$c2013-02
000164414 269__ $$a2013-02
000164414 300__ $$a35
000164414 336__ $$aWorking or Discussion Paper
000164414 490__ $$aMPIA
000164414 490__ $$a1360634389
000164414 520__ $$aThe role of infrastructure in economic growth and welfare has been studied extensively across
the literature over the past three decades. We use a dynamic CGE model linked to a
microsimulation model to estimate the macro-micro impact of public infrastructure investment.
Two approaches to public investment are considered in our simulations. In the first, production
taxes finance the additional public infrastructure investment and in the second, foreign
borrowing provides resources. Our results reveal that public infrastructure investments have the
same direction of impact whether funded by taxation or international borrowing, particularly
when looking at macroeconomic gains and poverty reduction in the long run. However, in the
very short run, tax financing puts a strain on output in the industrial sector and thus reduces
economic growth in the short run. The financing from international borrowing has a Dutch
disease-like impact in the short run, as indicated by a decline in exports.
000164414 650__ $$aPublic Economics
000164414 6531_ $$aInfrastructure
000164414 6531_ $$aEconomic Growth
000164414 6531_ $$aPoverty
000164414 6531_ $$aPakistan
000164414 6531_ $$aComputable General Equilibrium
000164414 700__ $$aAhmed, Vaqar
000164414 700__ $$aAbbas, Ahsan
000164414 700__ $$aAhmed, Sofia
000164414 8564_ $$9ecb506aa-4b4b-430e-8188-0ce62595b860$$s1457802$$uhttps://ageconsearch.umn.edu/record/164414/files/1360634389-WP_2013-01_MPIA-12304.public.2.pdf
000164414 887__ $$ahttp://purl.umn.edu/164414
000164414 909CO $$ooai:ageconsearch.umn.edu:164414$$pGLOBAL_SET
000164414 912__ $$nSubmitted by Mercedes Turcotte (mercedes.turcotte@pep-net.org) on 2014-02-26T21:40:11Z
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  Previous issue date: 2013-02
000164414 913__ $$aLicense granted by Mercedes Turcotte (mercedes.turcotte@pep-net.org) on 2014-02-26T21:35:39Z (GMT):

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000164414 982__ $$gPartnership for Economic Policy (PEP)>PEP Working Papers