Journal of Agricultural Economics, Extension and Rural Development

Viewing Options:  View Full Article - PDF     Download Full Article - PDF

Agriculture sector performance: An analysis through the role of agriculture Sector share in GDP


Muhammad Masood Anwar, Saba Farooqi and Dr. Yahya Qureshi



Abstract

 

Accepted 11th March, 2015

 

In this study, we have analyzed the role of agriculture sector share in Gross Domestic Product (GDP) of Pakistan economy by using time series data from 1975-2012. Ordinary Least Square (OLS) an econometric method is used to estimate the model parameters. For this purpose the study considered several variables such as agriculture, industry, trade and GDP of Pakistan.  The results of the study showed positive and significant relation between the GDP and agriculture in Pakistan. Moreover, variables like trade, industry and agriculture have positive relation with GDP growth rate. From the result discussion and conclusion, it may be suggest that Pakistan should make stronger efforts to improve agriculture sector as possible through the reliable policy measure.

 

Keywords: Agricultural sector performance, role of agricultural sector, GDP