Study of economic globalization and growth of agricultural sector of iran
KrishiKosh
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Title |
Study of economic globalization and growth of agricultural sector of iran
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Creator |
Sedigheh, Nabieyan
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Contributor |
S, Suryaprakash
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Subject |
economics, biological development, productivity, area, investment, imports, manpower, exports, additives, crops
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Description |
Economic liberalization is sine qua non to economic growth and prosperity in today’s global epoch. After a prolonged inward-looking strategy, Iran has moved towards a more liberalized and open market structure since 1989. Again, agriculture sector still plays a pivotal role in Iranian economy. In this background economic globalization and growth of agricultural sector of Iran were analysed. The process of economic globalization was assessed using regression analysis and analysis of variance. The growth of agriculture in Iran was quantified through compound growth rate analysis. Modified Solow growth model was used to determine the effect of the process of economic globalization on agricultural sector. The study period was from 1961 to 2008, which was divided into three sub-periods, viz., Period I from 1961 to 1978 (before Islamic revolution), Period II from 1979 to 1989 (post-revolution non-plan) and Period III from 1990 to 2008 (Planning era). The study showed that globalization through trade liberalization has decreased over the study period. Opening of the economy positively impacted agriculture sector. Area growth of most of annual crops decreased over the period of study as a result of misspecification of trade policies and declining ground water table. Production growth of most of the crops was area led rather than that yield led. Hence productivity enhancing measures should be initiated to increase the crop yields. No long-run equilibrium relationship was observed between foreign direct investment (FDI) and agricultural value addition as also between FDI and agricultural investment. Agricultural growth was observed to be based on labour than the investment in the short-run, whereas in the long-run it is mostly based on investment. Openness of the economy was found to increase investment and growth in agricultural sector. Therefore, linking the agricultural sector with global market can lead to a faster growth in this sector. |
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Date |
2016-05-26T10:47:56Z
2016-05-26T10:47:56Z 2011-11-18 |
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Type |
Thesis
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Identifier |
Th-9984
http://krishikosh.egranth.ac.in/handle/1/66333 |
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Language |
en
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Format |
application/pdf
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Publisher |
University of Agricultural Sciences, Bengaluru
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