THE EXPORTS OF MARINE RESOURCES AND ITS IMPACT ON ECONOMIC DEVELOPMENT IN PAKISTAN: AN ECONOMETRIC ANALYSIS USING VECTOR ERROR CORRECTION MODEL (VECM) | [Journal of Animal and Plant sciences • 2022]

Author(s):

1. S. Oad: Department of Cultural Industries Management, College of Management, Ocean University of China,Qingdao, ,China

2. Q. Jinliang: Department of Cultural Industries Management, College of Management, Ocean University of China,Qingdao, ,China; Institute of Maritime Culture Studies, Ocean University of China,Qingdao, ,China

3. S. S. B. Hussain: Department Fisheries Economics & Management, College of Fisheries, Ocean University of China,Qingdao ,China

4. M. Ali: Department Fisheries Economics & Management, College of Fisheries, Ocean University of China,Qingdao ,China

5. Z. U. Jattak: Lasbela University of Agriculture,Water and Marine Sciences, Uthal, Balochistan-,Pakistan

Abstract:

This study examines the link between marine resources exports and their impact on economic development in Pakistan by using Vector Error-Correction Models (VECM). The data of 57 years from 1960 to 2017 were used to analyse the impact among variables. The findings of this research were obtained as there is no long-run association discovered between the fisheries exports and economic development. However, we discovered that there is a short-run relationship sustained between them. In addition, the results from the Ordinary Least Squares (OLS) regression also validates that there is a robust relationship between GDP and exports of fisheries products. The findings indicated that the sub-sector (Fisheries) of the agriculture sector is playing an extensive role in the economic growth of Pakistan.

Page(s): 798-808

DOI: 10.36899/JAPS.2022.3.0482

Published: Journal: Journal of Animal and Plant sciences, Volume: 32, Issue: 3, Year: 2022

Keywords:

GDP , Fishery sector , Marine resources , VECM and Pakistan

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