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The Role of Public Spending and Credit Disbursement in the Agriculture Sector of Pakistan

Author

Listed:
  • Sumbal Javed

    (BS Economics,)

  • Muhammad Tariq

    (Assistant Professor,)

  • Saima Urooge

    (Assistant Professor,)

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.

Suggested Citation

  • Sumbal Javed & Muhammad Tariq & Saima Urooge, 2017. "The Role of Public Spending and Credit Disbursement in the Agriculture Sector of Pakistan," Global Economics Review, Humanity Only, vol. 2(1), pages 34-41, December.
    • Handle: RePEc:aaw:journl:v:2:y:2017:i:1:p:34-41
    DOI: 10.31703/ger.2017(II-I).04
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    References listed on IDEAS

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    1. Faqeer Muhammad & Tongsheng Xu & Rehmat Karim, 2015. "Impact of Expenditure on Economic Growth in Pakistan," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(2), pages 231-236, February.
    2. Unknown, 1961. "The Role of Agriculture in Economic Development," International Journal of Agrarian Affairs, International Association of Agricultural Economists, vol. 3(2), pages 1-1, April.
    3. Selvaraj, K. N., 1993. "Impact Of Government Expenditure On Agriculture And Performance Of Agricultural Sector In India," Bangladesh Journal of Agricultural Economics, Bangladesh Agricultural University, vol. 16(2), pages 1-13, December.
    4. Tajudeen Egbetunde Ismail O. Fasanya, 2013. "Public Expenditure and Economic Growth in Nigeria: Evidence from Auto-Regressive Distributed Lag Specification," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 16(1), pages 79-92, May.
    5. Schultz, Theodore W, 1980. "Nobel Lecture: The Economics of Being Poor," Journal of Political Economy, University of Chicago Press, vol. 88(4), pages 639-651, August.
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    More about this item

    Keywords

    Government Expenditure; Agricultural Production; Ordinary Least Squares; ADF Test;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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