Analysis of Livelihood Asset of Agricultural Households Influencing Livelihood Strategies in Khyber Pakhtunkhwa Pakistan
Analysis of Livelihood Asset of Agricultural Households Influencing Livelihood Strategies in Khyber Pakhtunkhwa Pakistan
Abdul Hassan1*, Shahnaz Akhtar1 and Muhammad Ishaq2
ABSTRACT
This article attempts to analyze livelihood asset that influence the livelihood strategies of agricultural households in Khyber Pakhtunkhwa, Pakistan. The study used multinomial logit model for determining the connection amongst livelihood asset and livelihood strategies. Average index value of livelihood asset was 0.297 in the area, that indicates the disadvantageous nature in livelihood asset of agricultural households, uncovering the subtle living standard of agricultural households and lacking prospects of economic development. The research findings reveal that human capital, financial and social capital of livelihood asset has positive significant effect on the choice of agricultural households’ livelihood strategies in the models of rural households type II and rural households type III. The empirical findings depicted that the more human capital, financial capital and social capital that are owned by agricultural households, probably more they have to select strategies of livelihood involving to be engaged in rural households type II and rural households type III. Similarly, the effect of physical capital has positive significant effect on the choice of strategy of livelihood in rural households type III model, in other words, the more physical capital owned by agricultural households, probably more they have to select strategies of livelihood involving to be engaged in rural households type III model. The empirical findings orate for high demand of up-gradation of livelihood asset in all capitals of agricultural households.
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