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

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 structure...

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Main Authors: Serife Ozsahin, Emel Akbal, Şerife Koç
Format: Article
Language:English
Published: Turkish Science and Technology Publishing (TURSTEP) 2023-08-01
Series:Turkish Journal of Agriculture: Food Science and Technology
Subjects:
Online Access:http://www.agrifoodscience.com/index.php/TURJAF/article/view/5926
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author Serife Ozsahin
Emel Akbal
Şerife Koç
author_facet Serife Ozsahin
Emel Akbal
Şerife Koç
author_sort Serife Ozsahin
collection DOAJ
description 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.
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spelling doaj.art-84b0ad4aa1e04bc39ac1a10de06158862023-09-28T16:05:13ZengTurkish Science and Technology Publishing (TURSTEP)Turkish Journal of Agriculture: Food Science and Technology2148-127X2023-08-011181317132310.24925/turjaf.v11i8.1317-1323.59264638An Examination of the Relationship Between Agricultural Value Added and Agricultural Supports with Panel Simultaneous Equation SystemsSerife Ozsahin0https://orcid.org/0000-0001-8310-1816Emel Akbal1https://orcid.org/0000-0001-8588-5861Şerife Koç2https://orcid.org/0000-0002-5012-3186Department of Economics, Faculty of Political Science, Necmettin Erbakan University, KonyaDepartment of Economics, Faculty of Political Science, Necmettin Erbakan University, KonyaDepartment of Economics, Faculty of Political Science, Necmettin Erbakan University, KonyaAgricultural 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.http://www.agrifoodscience.com/index.php/TURJAF/article/view/5926agricultural supportagricultural value-addedsimultaneous equations
spellingShingle Serife Ozsahin
Emel Akbal
Şerife Koç
An Examination of the Relationship Between Agricultural Value Added and Agricultural Supports with Panel Simultaneous Equation Systems
Turkish Journal of Agriculture: Food Science and Technology
agricultural support
agricultural value-added
simultaneous equations
title An Examination of the Relationship Between Agricultural Value Added and Agricultural Supports with Panel Simultaneous Equation Systems
title_full An Examination of the Relationship Between Agricultural Value Added and Agricultural Supports with Panel Simultaneous Equation Systems
title_fullStr An Examination of the Relationship Between Agricultural Value Added and Agricultural Supports with Panel Simultaneous Equation Systems
title_full_unstemmed An Examination of the Relationship Between Agricultural Value Added and Agricultural Supports with Panel Simultaneous Equation Systems
title_short An Examination of the Relationship Between Agricultural Value Added and Agricultural Supports with Panel Simultaneous Equation Systems
title_sort examination of the relationship between agricultural value added and agricultural supports with panel simultaneous equation systems
topic agricultural support
agricultural value-added
simultaneous equations
url http://www.agrifoodscience.com/index.php/TURJAF/article/view/5926
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