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Impact of Environmental Degradation, Financial Development and Human Capital on Agricultural Productivity: Insights From Pakistan
This research investigates the impact of financial development (F.D.), environmental degradation, and human capital on agricultural productivity in the presence of economic growth, technology, and consumer price index. The data from 1975 to 2017is used for the case of Pakistan, and Autoregressive Distributive Lag (ARDL) bounding technique and Johansen co integration approaches are employed to check long-run co integration among study variables. Similarly, with the ARDL model,the short-run and long-run dynamics are examined. The results of ARDL confirmed the long-run co-integrating relationships. Further, to investigate causality between study variables, the Granger Causality test is used. The results reveal bidirectional causality relationship between environmental degradation-agricultural productivity, financial development, agricultural productivity, and between human capital and agricultural productivity. The study suggests important policy implications to policymakers and research directions for future researchers.
Ijaz Hussain Shah
Ph.D. scholar, The Superior College, Lahore, Punjab, Pakistan
Dr. Salman Masood Sheikh
Director Quality Assurance, The Superior College, Lahore, Punjab, Pakistan
Dr. Wasim ul Rehman
Assistant professor, Department of Business Administration, University of the Punjab, Gujranwala Campus, Punjab, Pakistan
Agricultural Productivity, Environmental Degradation, Financial Development, Human Capital