Does Diversification towards Oilseeds Production reduce the Import burden in Pakistan?

Asif Ali Abro (), Zeeshan Atique () and Iqbal Ahmed Panhwar ()
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Asif Ali Abro: Department of Economics, University of Karachi, Pakistan, Postal: Office of Research, Innovation and Commercialization Sukkur Institute of Business Administration Airport Road Sukkur-65200, Sindh Pakistan
Zeeshan Atique: Assistant Professor at Department of Economics, University of Karachi, Pakistan, Postal: Office of Research, Innovation and Commercialization Sukkur Institute of Business Administration Airport Road Sukkur-65200, Sindh Pakistan
Iqbal Ahmed Panhwar: Professor of Management Sciences Bahria University, Karachi, Pakistan, Postal: Office of Research, Innovation and Commercialization Sukkur Institute of Business Administration Airport Road Sukkur-65200, Sindh Pakistan

Sukkur IBA Journal of Management and Business, 2016, vol. 3, issue 1, 1-12

Abstract: Agriculture, constitutes a large segment of Pakistan’s economy, is facing problems in the production of oilseed crops. The situation is getting bad to worse due to increase in population and demand of oilseeds has increased from 1.298 million tons to 3.069 million tons during the last thirty three years with the same local production capacity. During 2013-14, the local oilseed production comprised of 17.9 percent of the total consumption, while the remaining 82.1 percent of the demand was fulfilled through import. The Ordinary Least Square (OLS) technique is applied to examine the impact of different factors on the IHVC in Pakistan. The regression coefficient of import of oilseeds showed a negative and highly significant impact which indicated that huge import of oilseeds badly affects the public exchequer. The regression coefficient of number of tube wells, availability of credit and farm machinery (tractor) showed a positive and significant impact on IHVC. The regression coefficient of local production of oilseed crops showed a positive and significant impact, it showed that increasing the area for production of oilseeds enhanced the contribution of high value crops in GDP resultantly reduce the import burden.

Keywords: Index of High Value crops; Crop Diversification; Oilseeds; Yield potential; yield gap (search for similar items in EconPapers)
JEL-codes: F10 (search for similar items in EconPapers)
Date: 2016
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