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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
 
Creator Sedigheh, Nabieyan
 
Contributor S, Suryaprakash
 
Subject economics, biological development, productivity, area, investment, imports, manpower, exports, additives, crops
 
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.
 
Date 2016-05-26T10:47:56Z
2016-05-26T10:47:56Z
2011-11-18
 
Type Thesis
 
Identifier Th-9984
http://krishikosh.egranth.ac.in/handle/1/66333
 
Language en
 
Format application/pdf
 
Publisher University of Agricultural Sciences, Bengaluru