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

Qazi Muhammad Hye () and Shahida Wizarat

China Agricultural Economic Review, 2011, vol. 3, issue 2, 191-209

Abstract: Purpose - The purpose of this paper is to develop a financial liberalization index (FLI) and evaluate its impact on agricultural growth. Design/methodology/approach - The study uses the autoregressive distributed lag approach to determine the long run and short coefficients. Findings - The empirical results show that FLI affects agricultural growth positively in the short and the long run; but real interest rate positively affects agricultural growth in the short run and negatively in the long run. Originality/value - While previous research focuses on overall economic growth, this paper evaluates the impact of financial liberalization on the agricultural sector.

Keywords: Pakistan; Agriculture; Economic growth; Economic policy (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:caerpp:v:3:y:2011:i:2:p:191-209

DOI: 10.1108/17561371111131317

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