Empirical analysis of agricultural trade liberalization and economic growth in Pakistan ARDL approach

Issue title: Soft Computing Applications

Guest editors: Valentina Emilia Balas

Article type: Research Article

Authors: Awan, Saima Ashraf^a | Tariq, Muhammad Imran^b | Zhuang, Peifen^{a; *}

Affiliations: [a] College of Economics and Management, Fujian Agriculture and Forestry University, Fuzhou, P.R. China | [b] Department of Computer Science and Information Technology, Superior University, Lahore, Pakistan

Correspondence: [*] Corresponding author. Peifen Zhuang, College of Economics and Management, Fujian Agriculture and Forestry University, Fuzhou-350002, P.R. China. E-mail: peifenzhuang@fafu.edu.cn.

Abstract: This research analyzed the relationship between openness to agricultural exchange, foreign direct investment, capital, consumer price index, and GDP in Pakistan utilizing time series data for the 1971-2019 period. We used autoregressive distributed lag ARDL-bound testing method to analyze the long-run and short-run correlation between projected variables. The study’s findings also confirmed a positive and important long-term correlation between openness to agricultural trade, foreign direct investment and Pakistan’s economic development. There is no long-run relationship between consumer price and economic growth.

Keywords: Agricultural trade openness, foreign direct investment, ARDL approach

DOI: 10.3233/JIFS-219311

Journal: Journal of Intelligent & Fuzzy Systems, vol. 43, no. 2, pp. 2115-2119, 2022