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- Title
Impact of Public Sector Investment on TFP in Agriculture in Punjab, Pakistan.
- Authors
Nadeem, Nasir; Mushtaq, Khalid; Dawson, P.J.
- Abstract
Agricultural productivity growth in underdeveloped countries is an important long-run source of real income growth and better living standards, and different sources of productivity have been identified in the empirical literature. In this study, we examine the relationship between productivity in agriculture and investments in agricultural research, extension, irrigation, and rural roads in Punjab province, Pakistan. Results show that agricultural research has a significant and positive impact on productivity with a long-run elasticity of 0.24; and the marginal internal rate of return to research is 27%. Public investments in agricultural extension, rural roads, and irrigation are also significant. Granger-causality tests show a unidirectional relationship from research to productivity.
- Subjects
PUNJAB (Pakistan); PUBLIC investments; PUBLIC sector; AGRICULTURAL productivity; AGRICULTURAL wages; INVESTMENTS; REAL income
- Publication
Pakistan Journal of Social Sciences (PJSS), 2013, Vol 33, Issue 1, p137
- ISSN
2074-2061
- Publication type
Article