Proceedings of the 18th International Academic Conference, London

AN ASSESSMENT INTO THE RISK FACTORS IN INTER-TEMPORAL SUSTAINABILITY OF CROPPING SECTOR: FINDINGS OF A SURVEY IN PAKISTAN

BILAL KHAN, TOQUEER AKHTAR, TOQUEER AKHTAR, TOQUEER AKHTAR

Abstract:

This paper aims to determine the Inter-Temporal situation of Pakistan’s Agricultural sector while assessing the Risk factors in both, past and current time-periods using a Cross-Sectional setting. A lot of other previously published papers do not discuss the inter-temporal effects on sustainability; instead they talk about policy changes and using a secondary research. It also accounts for the role, involvement and the need for further involvement of government into this sector, taken on an ordinal scale as measure in econometric models. The paper also looks into the intent of subsistence to commercialized farming, accounting for all the factors affecting and or supporting them. Few of the main important questionnaire sections that aided in the write-up and model development are; Production, Incomes, Sales, Inputs and Food Reserves, use of technology in Operations and Government policies to Support Agriculture in Pakistan. Using advance econometric models, such as Tobit Regression model, thus, the conclusions are made alongside policy improvement suggestions, choices for risk aversion methods, diversification within this sector and techniques to empower Pakistan’s agricultural sector. However, both the models indicate and point towards sustainability criteria, provided proper agricultural development policies are undertaken.

Keywords: Industrialization, De-industrialization, Sustainable Development, Green Revolution, Structural Transformation, Export Led Growth, Government Intervention, Market Integration, Policy Uncertainty, Policy Risks, Tobit Regression and Risk Aversion Techniques.

DOI: 10.20472/IAC.2015.018.060

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