Impact of financial liberalization on agricultural growth: a case study of Pakistan

Hye, Qazi Muhammad Adnan; Wizarat, Shahida

doi:10.1108/17561371111131317

Cited by 10 publications

(4 citation statements)

References 23 publications

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“…Anthony (2010) investigated the role of formal agriculture credit for Nigerian economy with exchange rate and interest rate and found that formal agriculture credit improve the agriculture performance and economic progression. Muhammad Adnan Hye and Wizarat (2011) analysis the financial liberation effect on agriculture found that financial liberation helps to agriculture growth in Pakistan and same outcomes observed by Shahbaz et al (2013) for same country.…”

Section: Review Of Literaturesupporting

confidence: 65%

Does financial development enhance agricultural production in the long‐run? Evidence from China

et al. 2020

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This study aims to examine the impact of financial development on agricultural production in the case of China. The study used country level time‐series data for the period 1989 to 2016. We applied the autoregressive distributed lag (ARDL) approach to investigate the long‐term cointegration relationship between underlying variables and the fully modified ordinary least squares (FMOLS) for robustness check. Results of this study confirm the existence of a long‐term relationship among the variables. The ARDL estimation results reveal that financial development has a significantly positive impact on agricultural production in both long‐run and short‐run. The fully modified OLS confirm the robustness of the findings. This study suggests that the Chinese government should pay more attention on long‐run policies to enhance agricultural growth through improving banking sectors, efficient rural credit markets, and increasing township banking infrastructures in the country.

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Section: Review Of Literaturesupporting

confidence: 65%

Does financial development enhance agricultural production in the long‐run? Evidence from China

et al. 2020

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“…As the distance to the place of sale increases, the household faces a higher transport cost and maybe discouraged to sell his perishable agricultural produce at a larger distance. This would in turn drive the households towards diversification of their income portfolios [26][27][28][29][30]. Hence, over larger distances, the agricultural output, which is mostly perishable and can degrade over large distances, is not likely to be sold by the households.…”

Section: Results and Analysismentioning

confidence: 99%

Income Diversification of Rural Households in Pakistan

Batool¹,

Babar²,

Nasir³

et al. 2017

Int J Econ Manag Sci

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“…Financial institutions will reduce financial support for agriculture under the effect of both economic profit and risk-taking. In contrast to the above view, as the gap between the return on investment in agriculture and the commercial and industrial sectors closes and the credit conditions in the agricultural sector are optimized, some academics think that the market-oriented reform of financial institutions at this point has contributed to the deepening of inclusive financial services (Muhammad Adnan and Wizarat, 2011;Onuka and Odinakachukwu, 2020). On the other hand, most of the literature on the impact of financial credit on total factor productivity in food has looked at the micro demand side of financial credit constraints and availability.…”

Section: Introductionmentioning

confidence: 91%

Do county financial marketization reforms promote food total factor productivity growth?: a mechanistic analysis of the factors quality of land, labor, and capital

Liu,

Cui,

Jiang

et al. 2023

Front. Sustain. Food Syst.

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Improving food total factor productivity is a necessary way to break the double constraint of resources and environment, and promote the transformation of the food production system and the realization of the sustainable development goal of zero hunger. Based on the panel data of 729 counties in China from 2010 to 2019, this paper analyzes the effect of county financial marketization reform on food total factor productivity by using a two-way fixed effects model, focusing on the mechanism of the quality of factors such as land, labor and capital. The results show that county financial marketization reform promoted food total factor productivity growth by promoting technical progress, while technical efficiency did not play a significant role. Heterogeneity analysis shows that the effect of county financial marketization reform on grain total factor productivity is not significantly different in eastern and central China. There is a significant difference in the western region, where county financial market reform hindered the growth of grain total factor productivity. In terms of different functional areas of grain production, the facilitating effect is only played in the main grain production area, and the inhibiting effect is played in the main grain marketing area. Mechanistic analysis shows that the county financial marketing reform promoted the growth of food total factor productivity by improving the quality of labor and land, while the quality of agricultural capital has a masking effect. On this basis, it is necessary for the government to implement differentiated financial market-oriented reform strategies, and to guide and encourage county financial institutions to provide financial services to improve the quality of agricultural labor and farmland through tax incentives and loan interest subsidies.

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Impact of financial liberalization on agricultural growth: a case study of Pakistan

Cited by 10 publications

References 23 publications

Does financial development enhance agricultural production in the long‐run? Evidence from China

Does financial development enhance agricultural production in the long‐run? Evidence from China

Income Diversification of Rural Households in Pakistan

Do county financial marketization reforms promote food total factor productivity growth?: a mechanistic analysis of the factors quality of land, labor, and capital

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