GROWTH AND PRODUCTIVITY IN PURVIEW OF TRANSITIONAL DYNAMICS IN PAKISTAN AGRICULTURE SECTOR

Agriculture has been the main stay for the economy of Pakistan. It still supports directly or indirectly more than half of the country’s population. This paper aims to analyze the major factors which are responsible for agriculture growth and productivity. Empirical findings show that agriculture productivity is much below its potentials and growth of value-added in this sector still depends on traditional factors of production. Human capital and openness of the economy has a negligible impact on agriculture value-added growth. The study also finds negative impact of technological change and efficiency on employment generation prospects in the agriculture sector of Pakistan.