Role of Growth Policies and Institutional Quality in Agriculture Sector of Pakistan

Abstract

Growth policies are strongly associated with the Agriculture sector. The primary purpose of fiscal and monetary policies might be effective in enhancing agriculture growth. Growth policies executed through institutional qualities and performance that accelerate economic growth. The agricultural sector acts as the substance that accelerates the pace of structural transformation, broadens the economy. It enables the country to utilize its factor endowment optimistically, depending less on the foreign agricultural product and raw materials for its economic growth, development, and sustainability. This study analyzes the relationship between growth policies and institutional quality in the agriculture sector during 1981-2016 in Pakistan. The results elaborate that growth policies and institutional quality typically have significant effects on the agriculture sector in Pakistan.