Does CPEC benefit the sustainable agricultural development in Pakistan: a comparison with open investment policy 1997
摘要
This study presents a unique perspective by examining the relationship between foreign investment and agricultural development in Pakistan, specifically focusing on the China-Pakistan Economic Corridor (CPEC) (2013–2030). Using economic indicators from the World Bank (1973–2022) and a vector error correction model, we found a positive correlation between foreign investment and agricultural development. Importantly, our study highlights the potential for significant long-term benefits through investment under the CPEC, provided domestic issues are addressed, and local development policies are balanced.