Exploring the long-run relationship between financial inclusion and agricultural growth : evidence from Pakistan
Purpose: This study aims to investigate the long-run relationship between financial inclusion and agricultural growth in Pakistan for the period of 1960–2018. Design/methodology/approach: The autoregressive distributed lag (ARDL) approach, the Johansen co-integration test and the dynamic ordinary least squared (DOLS) method are used for the evaluation. Findings: The results show that in both short- and long run, domestic credit has a significantly negative impact on the agricultural growth, while broad money and cropped area positively affected the agricultural growth in Pakistan in both cases. Practical implications: The government and policymakers need to develop strategies that bring together agriculturalists on a single platform so that the government can clearly distinguish the interests of these farmers and can obtain precise information for allocating agricultural expenditure and easing access to credit for small-scale agriculturalists. Originality/value: This is the first study to evaluate the impact of financial inclusion on the agricultural growth in Pakistan by using different econometric techniques, including the ARDL-bound approach, Johansen co-integration test and DOLS method.
Year of publication: |
2021
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Authors: | Farooq, Usman ; Gang, Fu ; Guan, Zhenzhong ; Rauf, Abdul ; Chandio, Abbas Ali ; Ahsan, Faiza |
Published in: |
International Journal of Emerging Markets. - Emerald, ISSN 1746-8809, ZDB-ID 2242085-X. - 2021 (06.07.)
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Publisher: |
Emerald |
Saved in:
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