Economic Outlook of Rice Crops in Pakistan: A Time Series Analysis (1990–2021)

This study's main objective is to examine the connections between Pakistan's agricultural GDP and rice production, credit disbursement, water availability, and frtilizer. Data were acquired from a number of sources, including the National Food Security and Research, Economic Survey of Pakistan, FAO, and Pakistan Bureau of Statistics, for the annual time series from 1990 to 2021. Data on the rice crop were evaluated using the augmented Dickey-Fuller test and the ordinary least squares method. Our study found a long-standing relationship between Pakistan's agricultural GDP and rice output, credit disbursement, fertilizer, and water availability. The regression analysis shows that rice production, and credit disbursement all have a significant and positive relationship with agricultural GDP, however fertilizer positive relationship but insignificance and water accessibility has a negative relationship. The study recommends that Pakistan's government implement fresh regulations and finance new initiatives for the improvement of its water resources.