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The Future of Budgetary Allocation to Sports Sector in Pakistan: Evidences from Autoregressive Integrated Moving Average Model

Author

Listed:
  • Hussain, Anwar Hussain
  • Farid, Asif Farid
  • Hussain, Shah Hussain
  • Iqbal, Sajid Iqbal

Abstract

The study forecast Public Sector Development Program (PSDP) allocation to sports sector upto 2020 in Pakistan, utilizing time series secondary data ranging from 1988 to 2010, taken from official documents of the Ministry of Sports, Islamabad. For the analysis of the data, descriptive statistics and Autoregressive Integrated Moving Average (ARIMA) model has been applied. The findings revealed that there existed extreme fluctuations in these allocations during 1988-2010, showing uncertainty in these allocations. Further, the allocation to sports sector in PSDP will be Rs.120.082 million, Rs.124.113 million, Rs.128.349 million and Rs.134.711 million in 2013, 2015, 2017 and 2020 respectively. It is recommended that there should be a sustained growth in these allocations so as to remove the uncertainty component. There should be public private partnership in the sports sector of Pakistan which will not only improve the projects life in sports sector but will also add to incurring operation and maintaining costs of the schemes after its construction.

Suggested Citation

  • Hussain, Anwar Hussain & Farid, Asif Farid & Hussain, Shah Hussain & Iqbal, Sajid Iqbal, 2011. "The Future of Budgetary Allocation to Sports Sector in Pakistan: Evidences from Autoregressive Integrated Moving Average Model," MPRA Paper 41979, University Library of Munich, Germany, revised 2011.
    • Handle: RePEc:pra:mprapa:41979
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    References listed on IDEAS

    as
    1. John Siegfried & Andrew Zimbalist, 2002. "A Note on the Local Economic Impact of Sports Expenditures," Journal of Sports Economics, , vol. 3(4), pages 361-366, November.
    2. Robert A. Baade, 2003. "Evaluating Subsidies for Professional Sports in the United States and Europe: A Public-Sector Primer," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(4), pages 585-597, Winter.
    3. Nachane, Dilip M., 2006. "Econometrics: Theoretical Foundations and Empirical Perspectives," OUP Catalogue, Oxford University Press, number 9780195647907.
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    More about this item

    Keywords

    Budgetary Allocation; Sports Sector; Autoregressive Integrated Moving Average Model;
    All these keywords.

    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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