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The Role of Technological Advancement in Agriculture Sector on Economic Growth of Pakistan

Author

Listed:
  • Afsheen Hashmat
  • Ghulam Ghouse

    (University of Lahore, Pakistan.)

Abstract

This study is designed to explore the role of technological advancement in the agricultural sector in the context of the economy of Pakistan. The data set is based on the period from 1972 to 2019. The Autoregressive Distributed Lag (ARDL) bound testing employed to identify the short run and long-run relationships between the technological advancement in the agricultural sector and gross domestic product. Granger causality also applied to find out the direction of causal relationships. The ARDL cointegration results indicate that there is a positive relationship between technological advancement in the agricultural sector and gross domestic product in the short run and long run. The Granger causality results also indicate that the GDP growth also Granger cause the agriculture technology. And stability tests show that the model CUSUM andCUSUM of squares indicate that models are valid. The results suggest that technological advancement in the agricultural sector has a positive impact on GDP in the case of the Pakistan economy. Technological advancement in the agricultural sector strengthens Pakistan’s economy. There is a need to pay more attention by the government administration to provide technological facilities in the agricultural sector, properly and efficiently to get more benefits which ultimately enhance the agriculture growth and development of Pakistan’s economy.

Suggested Citation

  • Afsheen Hashmat & Ghulam Ghouse, 2019. "The Role of Technological Advancement in Agriculture Sector on Economic Growth of Pakistan," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 1(1), pages 21-31, June.
    • Handle: RePEc:ani:irdjoe:v:1:y:2019:i:1:p:21-31
    DOI: https://doi.org/10.52131/joe.2019.0101.0002
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    References listed on IDEAS

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    1. Thirtle, Colin & Lin, Lin & Piesse, Jenifer, 2003. "The Impact of Research-Led Agricultural Productivity Growth on Poverty Reduction in Africa, Asia and Latin America," World Development, Elsevier, vol. 31(12), pages 1959-1975, December.
    2. Olsson, Ola & Hibbs, Douglas Jr., 2005. "Biogeography and long-run economic development," European Economic Review, Elsevier, vol. 49(4), pages 909-938, May.
    3. Sharmistha Self & Richard Grabowski, 2007. "Economic development and the role of agricultural technology," Agricultural Economics, International Association of Agricultural Economists, vol. 36(3), pages 395-404, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Technological advancement; Economic growth; Foreign Direct Investment; Domestic Investment. Agriculture.;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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