Agricultural Exports Contribution to Economic Growth in Pakistan
DOI:
https://doi.org/10.62270/jirms.vi.15Keywords:
Pakistan, Agricultural exports, ARDL, Unit root, Economic GrowthAbstract
The main aim of this research is to analyze Pakistan's agricultural and economic implications. This study also sheds light on agricultural challenges and their possible solutions. This article uses time-series data from 1990 to 2020 and is collected from various websites such as the Pakistan Bureau of Statistics, Government of Pakistan (GOP), World Development Indicators (WDI). The analysis was performed using ARDL co-integration mode, bound tests, and an error-correction model. The survey results show that cotton exports are negatively or slightly correlated with economic growth. In contrast, Rice and wheat exports have a positive and important link to long-term and short-term economic growth. In addition, there is a one-way relation between agricultural commodities and economic growth such as rice exports. Based on calculated results, this study recommends the governing bodies in Pakistan transform agricultural exports into value-added products, stimulate private investment, and improve traditional agricultural production techniques to bring about structural changes in agricultural exports.
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