Impact of financial liberalization on agricultural growth: a case study of Pakistan
Purpose – The purpose of this paper is to develop a financial liberalization index (FLI) and evaluate its impact on agricultural growth. Design/methodology/approach – The study uses the autoregressive distributed lag approach to determine the long run and short coefficients. Findings – The empirical results show that FLI affects agricultural growth positively in the short and the long run; but real interest rate positively affects agricultural growth in the short run and negatively in the long run. Originality/value – While previous research focuses on overall economic growth, this paper evaluates the impact of financial liberalization on the agricultural sector. JEL classification: G20, Q1
Volume (Year): 3 (2011)
Issue (Month): 2 (May)
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