The Impact of Institutional Credit on Agricultural Production in Pakistan
AbstractThree main factors that contribute to agricultural growth are the increased use of agricultural inputs, technological change and technical efficiency. Technological change is the result of research and development efforts, while technical efficiency with which new technology is adopted and used more rationally is affected by the flow of information, better infrastructure, availability of funds and farmers’ managerial capabilities. Higher use and better mix of inputs also requires funds at the disposal of farmers. These funds could come either from farmers’ own savings or through borrowings. In less developed countries like Pakistan where savings are negligible especially among the small farmers, agricultural credit appears to be an essential input along with modern technology for higher productivity.
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Bibliographic InfoArticle provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.
Volume (Year): 42 (2003)
Issue (Month): 4 ()
Other versions of this item:
- Iqbal, Muhammad & Ahmad, Munir & Abbas, Kalbe, 2003. "The Impact of Institutional Credit on Agricultural Production in Pakistan," MPRA Paper 3673, University Library of Munich, Germany, revised 2003.
- Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
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