Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/188226 
Year of Publication: 
2015
Citation: 
[Journal:] Pakistan Journal of Commerce and Social Sciences (PJCSS) [ISSN:] 2309-8619 [Volume:] 9 [Issue:] 3 [Publisher:] Johar Education Society, Pakistan (JESPK) [Place:] Lahore [Year:] 2015 [Pages:] 850-864
Publisher: 
Johar Education Society, Pakistan (JESPK), Lahore
Abstract: 
Present work is an attempt to explore intersperse of fiscal decentralization and public investment in Pakistan. The study used a time series data from 1972 to 2013 and Johansen cointegration procedure is used for empirical investigation. It is reported that in the long run, fiscal autonomy to lower tiers of governments may help to improve the tax revenue in one fold and public investment in next fold. More importantly, the addition in subnational revenue and expenditures shares in total government revenue and expenditures will improve the level of public investment and also accelerate the economy towards high economic growth in Pakistan. These findings may also supportive for other developing countries which are struggling to adopt the decentralization process like Pakistan. Finally, the study suggested that a clear mandate of fiscal responsibilities at central and provincial level is also needed to improve the benefits of fiscal decentralization in Pakistan.
Subjects: 
cointegration
decentralization
expenditures
Pakistan
public investment
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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