Exploring the long-run relationship between financial inclusion and agricultural growth: evidence from Pakistan

Farooq, Usman; Fu, Gang; Guan, Zhenzhong; Rauf, Abdul; Chandio, Abbas Ali; Ahsan, Faiza

doi:10.1108/ijoem-06-2019-0434

Cited by 26 publications

(11 citation statements)

References 47 publications

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“…The understanding of agricultural competitiveness improves the inland agricultural structure development [6]. To achieve sustainable performance in agriculture, the following factors are of great importance: soil properties, the ability to support and sustain crop growth and productivity, while maintaining long-term environmental quality [7], financial inclusion [8], water resources [9], and new plant breeding technologies, including the genetically modified and gene-edited crops [10].…”

Section: Introductionmentioning

confidence: 99%

An Analysis of the Influencing Factors of the Romanian Agricultural Output within the Context of Green Economy

et al. 2021

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The objective of this study is to analyze the trends in agriculture and the factors affecting the output of agriculture (OA) in the EU and Romania in the context of green economy. The research used the quantitative (mathematical regression function, correlation matrix, and R-squared) and qualitative (the SWOT matrix of the agriculture sector in Romania) methods. The data on Romanian agriculture were gathered from Eurostat for the period of 2006–2019. The results showed that there is a direct and positive relationship between the OA and its influencing factors. Moreover, it revealed the negative relationships between the employees in agriculture (−0.58), air pollutants (−0.49), agriculture land (−0.42), irrigation norm (−0.39), agriculture training (−0.33) and the OA, and positive relationships between the area under organic farming (0.56), the average area per holding (0.56), the number of tractors (0.53) and the OA. Romania is a country where employment and agriculture areas are greater than in other EU countries; however, the results of our research highlight the significance of a careful analysis of the influencing factors, of making the difference between the thin line of sustainable performance, of developing new measures, of reducing risks, and of gaining new knowledge and agricultural skills, as an important activity, especially for Romania.

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Section: Introductionmentioning

confidence: 99%

An Analysis of the Influencing Factors of the Romanian Agricultural Output within the Context of Green Economy

et al. 2021

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“…Since the starting value of GDP declines over time, the results suggest that Pakistan's government should priorities economic et al (2014), Frimpong and Marbuah (2010), Agbenyo et al (2019), andFarooq et al (2021) are presented here. These results also demonstrate how inflation hinders Pakistan's economic growth.…”

Section: Resultsmentioning

confidence: 81%

Riding the Waves of Fluctuating Oil Prices: Decoding the Impact on Economic Growth

Triantoro

Akhtar

Khan

et al. 2023

IJEEP

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Oil price fluctuations have always been controversial and remain significant in how a country's economy develops. It is especially easy for the worldwide price of natural resources to fluctuate, putting developing nations at risk of economic instability. Consider Pakistan's economy, which is very sensitive to changes in oil prices due to its reliance on the commodity. This research analyses the effects of oil prices on several macroeconomic indicators, including inflation, imports, gross savings, domestic lending to the private sector (DCPS), and industrial value-added in Pakistan. The study uses an error-correcting framework known as autoregressive distributed lag (ARDL) modelling to examine long-term connections between variables and their short-term implications. Additionally, data acquired between 1970 and 2020 was analyzed using Granger causality tests, impulse response functions (IRFs), and variance decomposition analyses (VDAs). The study found that inflation and domestic loans to the private sector hampered economic development in the near run. Conversely, imports, gross savings, industrial value added, and oil rents have a positive effect. A long-term connection between these variables was verified using the boundaries test. A unidirectional link was found in the causality tests between economic growth and imports, inflation and economic growth, and gross saving and domestic credit. An inverse link between domestic credit and inflation was found. The effect of oil rents on economic development in Pakistan is expected to rise during the next four years, according to the forecasts, before levelling out. According to the VDA results, the most critical factor influencing Pakistan's economic development over the next decade would be domestic lending to the private sector. Following these empirical results, the study proposes policy adjustments that might help Pakistan's economy expand more quickly and sustainably.

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“…Third, the ARDL approach delivers unbiased estimates and effective t‐statistics despite endogenous regressors (Harris and Sollis, 2003; Khan et al., 2021). Fourth, the ARDL approach provides results for both the long and short‐run estimates from a single model framework (Akber, 2020; Farooq et al., 2021).…”

Section: Methodsmentioning

confidence: 99%

Impact of agricultural credit disbursement on cereals yield in Odisha

Mahapatra

2023

Int Social Sci J

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Realizing the significance of agricultural credit and considering millets and rice are the major crops in Odisha, this study proposes to examine the impact of agricultural credit disbursement (crop loan and term loan) on the yield of total cereals, millets and rice for the period 2000–01 to 2019–20. To examine the cointegration relationship among the variables, an autoregressive distributed lag (ARDL) bound F‐test, and to investigate the impact of agricultural credit on yield of total cereals, millets and rice, an ARDL regression modelling framework is employed. The empirical result for the bounding F‐test provides a statistically significant relationship between agricultural credit and yield of total cereals, millets and rice at 1% level, confirming the long‐run equilibrium relationship in the models. The long‐run impact of crop loans positively affects the yield of total cereals and rice, whereas it has no statistically significant effect on the yield of millets. Moreover, the change in term loan negatively affects the yield of total cereals, millets and rice in the long‐run, where the magnitude is higher in the rice yield compared to the yield of millets. However, in the short‐run, both crop and term loans negatively affect the yield of total cereals, millets and rice. Based on the findings of this study, few policy implications have been suggested to reduce the negative consequences of agricultural credit on cereal yields in Odisha.

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Exploring the long-run relationship between financial inclusion and agricultural growth: evidence from Pakistan

Cited by 26 publications

References 47 publications

An Analysis of the Influencing Factors of the Romanian Agricultural Output within the Context of Green Economy

An Analysis of the Influencing Factors of the Romanian Agricultural Output within the Context of Green Economy

Riding the Waves of Fluctuating Oil Prices: Decoding the Impact on Economic Growth

Impact of agricultural credit disbursement on cereals yield in Odisha

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