Reconsidering agricultural credits and agricultural production nexus from a global perspective

IF 4 2区 农林科学 Q2 FOOD SCIENCE & TECHNOLOGY
Dicle Ozdemir
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Abstract

Access to credit has been a key component in protecting a country's agriculture sector against uncertainties and climate-related shocks. Agricultural credits may also increase both agribusiness sectors' and farming-related commercial activities' exposure to world markets. This study aims to investigate agricultural credits' short-run and long-run effects on agricultural production using control variables such as foreign direct investments, inflation rate, and government expenditures. We found that credits to agriculture affect value-added agriculture positively in the long-run; specifically, when agricultural credits increase by 1%, value-added agriculture will increase by 0.19%; that is, an increase in credits to the agricultural sector leads to a significant increase in value-added agriculture, while FDI and government size both reduce agricultural value-added across countries. The findings of the pairwise causation test show that bidirectional causal links exist among almost all variables, validating feedback among agricultural value-added, credit to agriculture, FDI, government expenditures, and inflation.

Abstract Image

从全球视角重新审视农业信贷与农业生产的关系
获得信贷一直是保护一国农业部门免受不确定性和气候相关冲击的关键要素。农业信贷还可能增加农业企业部门和农业相关商业活动对世界市场的风险敞口。本研究旨在利用外国直接投资、通货膨胀率和政府支出等控制变量,研究农业信贷对农业生产的短期和长期影响。我们发现,农业信贷对农业增加值的长期影响是正向的;具体而言,当农业信贷增加 1%时,农业增加值将增加 0.19%;也就是说,农业部门信贷的增加会导致农业增加值的显著增加,而外国直接投资和政府规模都会降低各国的农业增加值。成对因果检验的结果表明,几乎所有变量之间都存在双向因果联系,验证了农业增加值、农业信贷、外国直接投资、政府支出和通货膨胀之间的反馈作用。
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来源期刊
Food and Energy Security
Food and Energy Security Energy-Renewable Energy, Sustainability and the Environment
CiteScore
9.30
自引率
4.00%
发文量
76
审稿时长
19 weeks
期刊介绍: Food and Energy Security seeks to publish high quality and high impact original research on agricultural crop and forest productivity to improve food and energy security. It actively seeks submissions from emerging countries with expanding agricultural research communities. Papers from China, other parts of Asia, India and South America are particularly welcome. The Editorial Board, headed by Editor-in-Chief Professor Martin Parry, is determined to make FES the leading publication in its sector and will be aiming for a top-ranking impact factor. Primary research articles should report hypothesis driven investigations that provide new insights into mechanisms and processes that determine productivity and properties for exploitation. Review articles are welcome but they must be critical in approach and provide particularly novel and far reaching insights. Food and Energy Security offers authors a forum for the discussion of the most important advances in this field and promotes an integrative approach of scientific disciplines. Papers must contribute substantially to the advancement of knowledge. Examples of areas covered in Food and Energy Security include: • Agronomy • Biotechnological Approaches • Breeding & Genetics • Climate Change • Quality and Composition • Food Crops and Bioenergy Feedstocks • Developmental, Physiology and Biochemistry • Functional Genomics • Molecular Biology • Pest and Disease Management • Post Harvest Biology • Soil Science • Systems Biology
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