A Historical Cum Empirical Overview of Agriculture Spending and Output Nexus in India

Q2 Economics, Econometrics and Finance

Agris On-line Papers in Economics and Informatics Pub Date : 2022-09-30 DOI:10.7160/aol.2022.140303

Samir Ul Hassan, Shafi Ahmad Khanday, Masroor Ahmad, Biswambhara Mishra, Motika Sinha Rymbai

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Abstract

This research aims to have a holistic view of the relationship between agriculture outcome/output and agricultural spending in India. The unique part of the study is that it highlighted the nexus between agriculture outputs from a historical point of view. The empirical part of this study is analyzed using the development of the co-integration method followed by the VECM model. The empirical analysis shows -a long-run association between agriculture spending and production, and this feedback is bidirectional. Agricultural production positively responds to agricultural spending in India both in the short and long run, especially in sowing seasons. However, the exciting finding of the study is that the speed of adjustment of agricultural spending on output is plodding. This implies that any shock of the agricultural production can be corrected by agricultural spending by just 20 percent, and it will take more than four years to stabilize the agricultural output with agricultural expenditure. Thus the tendency of agrarian spending to stabilize agrarian output in India is not so encouraging.

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印度农业支出与产出关系的历史与实证综述

本研究旨在全面了解印度农业成果/产出与农业支出之间的关系。该研究的独特之处在于，它从历史的角度强调了农业产出之间的联系。本研究的实证部分使用协整方法的发展和VECM模型进行了分析。实证分析表明，农业支出和生产之间存在长期关联，这种反馈是双向的。从短期和长期来看，印度的农业生产对农业支出都有积极的反应，尤其是在播种季节。然而，这项研究令人兴奋的发现是，农业支出对产出的调整速度缓慢。这意味着，农业生产的任何冲击都可以通过20%的农业支出来纠正，而用农业支出来稳定农业产出需要四年多的时间。因此，印度农业支出稳定农业产出的趋势并不那么令人鼓舞。

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来源期刊

Agris On-line Papers in Economics and Informatics Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

2.20

自引率

0.00%

发文量

期刊介绍： The international journal AGRIS on-line Papers in Economics and Informatics is a scholarly open access, blind peer-reviewed by two reviewers, interdisciplinary, and fully refereed scientific journal. The journal is published quarterly on March 30, June 30, September 30 and December 30 of the current year by the Faculty of Economics and Management, Czech University of Life Sciences Prague. AGRIS on-line Papers in Economics and Informatics covers all areas of agriculture and rural development: -agricultural economics -agribusiness -agricultural policy and finance -agricultural management -agriculture''s contribution to rural development -information and communication technologies -information and database systems -e-business and internet marketing -ICT in environment -GIS, spatial analysis and landscape planning The journal provides a leading forum for an interaction and research on the above-mentioned topics of interest. The journal serves as a valuable resource for academics, policy makers and managers seeking up-to-date research on all areas of the subject. The journal prefers scientific papers by international teams of authors who deal with problems concerning the focus of our journal in the world-wide scope with relation to Europe.