Does inward foreign direct investment affect agriculture growth? Some empirical evidence from Pakistan Online publication date: Fri, 05-May-2017
by Adeel Ahmed; Evelyn Shyamala Devadason; Dawood Jan
International Journal of Agricultural Resources, Governance and Ecology (IJARGE), Vol. 13, No. 1, 2017
Abstract: This study empirically investigates the effects of inward foreign direct investment (FDI) on Pakistan's agricultural growth, spanning the period 1977-2015, using the vector error correction model (VECM). Overall, the analysis shows that there is a positive relationship between agricultural growth and FDI. Further, the results indicate that the liberal 1997 policy of opening up the agricultural sector to FDI does not yield favourable results. Together, these results suggest that the long-term benefits of FDI inflows for Pakistan can only be fully realised when, other development issues related to domestic factors and institutions are addressed in tandem with FDI reforms. Therefore, there should be policy congruence among FDI policies and reforms with domestic developmental policies for a developing agrarian country like Pakistan to advance growth in the agriculture sector.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Agricultural Resources, Governance and Ecology (IJARGE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook