SOCIO-ECONOMIC IMPACT OF CPEC ON AGRICULTURAL PRODUCTIVITY OF PAKISTAN: A PRINCIPAL COMPONENT ANALYSIS

Abstract

Corridors perform a substantial role to boost up agribusiness comprehensively for developing a linear agglomeration of people and pursuits pre-existing transport structure. This research explored the social and economic impact of China Pakistan Economic Corridor on agriculture productiveness. The analysis has been executed among the distinct districts of agricultural economic zones. The paper signifies accessibility and usage of infrastructure, to analyze nexus. Regardless of available facts & figures, the data restricted the variables that might be deemed the research support of higher investment in infrastructures, energy and dams whilst at the similar time stressing the need to take steps to maximize the utilization of existing resources. Indices for the development of Infrastructure have been designed by applying Principal Component Analysis. Random effects model is implemented to analyze how diverse categories of infrastructure affect agricultural productivity. CPEC projects have potential to cover the current energy crises in Pakistan and open up business horizons for the small scale farmers to raise productivity and exports.

Keywords

• Agribusiness
• agriculture economic zones
• agriculture productivity
• CPEC project
• Principal Component Analysis