The Role of Public Spending and Credit Disbursement in the Agriculture Sector of Pakistan
Journal Title: Global Economics Rview - Year 2017, Vol 2, Issue 0
Abstract
The current study explores the role of public spending and credit disbursement in the agricultural production of Pakistan during the period 2000 to 2016. In this study, Agriculture Production Growth (APG) is the dependent variable while real GDP, government expenditure, labor force participation and agricultural credit are the independent variables. The stationarity of the data has been investigated through the ADF test. Following this, hypotheses were tested through the ordinary least squares method. In addition, the robustness of the results is ascertained by conducting an LM test and CUSUM stability tests. The findings showed that government expenditure and agriculture credit put expansionary effects on agricultural production in Pakistan. It is suggested that the government should increase expenditures in the agriculture sector for the development of agricultural sector production and economic development of the country.
Authors and Affiliations
Sumbal Javed, Muhammad Tariq, Saima Urooge
Keywords
Related Articles
- EP ID EP669067
- DOI -
- Views 152
- Downloads 0
The Analysis of Income Inequality and Economic Growth Relationship: Evidence from Pakistan’s Data
This research gives a brief overview of Pakistan’s economic growth and income inequality, and empirically assesses the relationship between these two variables of the country over the period of 1990 – 2015. In the empiri...
Special Economic Zones: A Comparison of the Economic Policies of China and Pakistan
China established Special Economic Zones (SEZs) in the late seventies and eighties which later became major drivers of their economic development. Now China is replicating the same phenomenon in Pakistan under CPEC. Chin...
Problems and Prospects of CPEC for Economic Development and Regional Integration
China is keenly observing the dynamics of world politics and to meet the challenges of the existing world, China is focusing on economic development and industrialization. China is also trying to facilitate other states...
China, Pakistan Extended Relation: An Overview of CPEC Opportunities, Expectations and Fear of Balochistan
Since the beginning of diplomatic ties in 1951, China-Pakistan has enjoyed long-lasting, stable and friendly relations and considered to be an irreplaceable “all-weather friend” as well. In any hard and troubled time, bo...
European Union and Liberalism
Complex interdependence is the crucial concept of liberalism. If Liberalism believes in democracy, cooperation, mutual benefits, and human rights, then complex interdependence helps the states to achieve these ideals. Mo...