This study investigates the asymmetric impact of agricultural commodity price shocks, credit disbursement, and labor force on Pakistan's agricultural growth using a nonlinear autoregressive distributed lag (NARDL) model with data from 1970 to 2018. Results indicate that both positive and negative price shocks positively affect agricultural growth, but positive shocks have a more significant stimulating effect. Credit disbursement and labor force also significantly and positively impact agricultural value-added in both the short and long run.
Publisher
Humanities & Social Sciences Communications
Published On
Jul 08, 2023
Authors
Umair Kashif, Junguo Shi, Snovia Naseem, Muhammad Ayaz, Rehan Sohail Butt, Waris Ali Khan, Mamdouh Abdulaziz Saleh Al-Faryan
Tags
agricultural growth
price shocks
credit disbursement
labor force
Pakistan
NARDL model
economic impact
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