Abstract: The present research was focused to investigate the
role of investment in the course of economic growth with reference to
Pakistan. The study analyzed the role of the public and private
investment and impact of the political and macroeconomic
uncertainty on economic growth of Pakistan by using the vector
autoregressive approach (VAR). In long-run both public and private
investment showed a positive impact on economic growth but the
growth was largely driven by private investment as compared to
public investment. Government consumption expenditure, economic
uncertainty and political instability hampered the economic growth of
Pakistan. In short-run the private investment positively influences the
growth but there was negative and insignificant effect of the public
investment and government consumption expenditure on the growth.
There was a positive relationship found between economic
uncertainty (proxy for inflation) and GDP in short run.
Abstract: The study identified the sources of production
inefficiency of the farming sector in district Faisalabad in the Punjab
province of Pakistan. Data Envelopment Analysis (DEA) technique
was utilized at farm level survey data of 300 farmers for the year
2009. The overall mean efficiency score was 0.78 indicating 22
percent inefficiency of the sample farmers. Computed efficiency
scores were then regressed on farm specific variables using Tobit
regression analysis. Farming experience, education, access to
farming credit, herd size and number of cultivation practices showed
constructive and significant effect on the farmer-s technical
efficiency.