Agriculture

Do agricultural commodity prices asymmetrically affect the performance of value-added agriculture? Evidence from Pakistan using a NARDL model

U. Kashif, J. Shi, et al.

This study explores the fascinating relationship between agricultural commodity price shocks, credit disbursement, and labor force on Pakistan's agricultural growth. Conducted by Umair Kashif and colleagues, it reveals that both positive and negative price shocks boost agricultural growth, with positive shocks making a more pronounced impact. The research also emphasizes the significant role of credit and labor force in driving agricultural value-added over time.

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Playback language: English

Index

Abstract

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

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