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An Examination of the Relationship Between Agricultural Value Added and Agricultural Supports with Panel Simultaneous Equation Systems

Year: 2023

Type: article

Abstract: Agricultural support is a crucial way to overcome the difficulties of long agricultural production process, lack of capital and low productivity. Moreover, the fact that increasing the supply is not possible in a short while makes agricultural support more important. Different agricultural structures of countries imply different agricultural support values. This paper examines the simultaneous relations between agricultural support and agricultural value added in the six developing countries with the highest agricultural production value. Simultaneous equation systems are estimated by Two-Stage Least Squares method using annual data for the 2002-2018 period. The findings suggest that there is a simultaneous positive and statistically significant relationship between agricultural value added and agricultural supports.

Source: Turkish Journal of Agriculture - Food Science and Technology

DOI: 10.24925/turjaf.v11i8.1317-1323.5926

Authors: Serife Ozsahin, Emel Akbal, Şerife Koç

Institution: Necmettin Erbakan University

Language: English

Topic: Agricultural Economics and Practices

Subfield: General Agricultural and Biological Sciences

Field: Agricultural and Biological Sciences

Domain: Life Sciences

SDGs: Zero hunger, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $25