Uses of poultry mutton and beef in hotel industry of Pakistan
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Answer:
Hello
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Answer:
Pakistan, meat, mutton, poultry meat production, agricultural gross domestic product, ARDL
Explanation:
Meat is regarded as a crucial food for human survival and the production of energy. It contributes vitamins, minerals, protein, and lipids that are necessary and have a positive impact on wellbeing, making up a sizeable component of the usual diet across the world. The primary goal of this article is to analyze and examine the relationship between Pakistan's output of beef, mutton, and poultry meat and the country's agricultural gross domestic product. The variables' stationarity was verified using the Augmented Dickey-Fuller unit root test, and the link between the research variables was examined using the Autoregressive Distributed Lag (ARDL) Bounds Testing Approach to Cointegration. In addition, a forecasting method was employed to anticipate Pakistan's future output of beef, mutton, and poultry meat. Study findings showed the enduring relationships between the variables. The coefficient of beef output had a favorable impact on the agricultural GSP in the long run study, whereas the coefficients of mutton and poultry meat production had no meaningful relationship with Pakistan's agricultural GSP. The present study distinguishes itself by utilizing the ARDL limits testing technique to cointegration that investigates the relationship between agricultural gross domestic product, beef, mutton, and poultry meat production in Pakistan.
Pakistan's overall meat output increased from 4,505,871 tonnes in 2019 to 4,737,075 tonnes in 2020, a 5.13 percent increase. The overall output of beef increased by 78.49 percent in 2020 compared to the 4.42 percent increase in 2010.