Livestock Tackles the Major Sector Fluctuations in Agrarian Sector and Raises Economic Performance: A Study of Pakistan
Muhammad Shahid1, Adiqa Kiani2* and Mahmood Shah3
This research paper focuses the ambiguous analysis of livestock sector in raising the level of economic performance. The study reveals implications of livestock in tackling seasonal fluctuations, inputs shocks and failure of crops in major sector by taking time series data from 1984 to 2017. Auto regressive distributive lag (ARDL) econometric technique was applied to conclude empirical results. Further, cumulative sum (CUSUM) and CUSUM square test was used to check the stability and structural breaks of the model. The results of research show the statistical significant and positive impact of livestock on economic performance while inflation effect on economic performance is insignificant. I have reviewed a lot of economic literature but not found single one study of this nature. This comprehensive research will assist the govt. in making policies on livestock to revive the economic performance of the country.