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The Agricultural Sector in the Macroeconomic Environment: An Empirical Approach for EU

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  • Dritsakis, Nikolaos

Abstract

This paper attempts to examine the relationship between the agricultural sector and the macroeconomic environment with a special mention in the way of prices formation in the agricultural sector. In the empirical analysis of this study a multivariate cointegration technique is applied in conjunction with Granger causality tests. The results of this analysis provide indications for the existence of significant causal relationships between the variables that characterize the macroeconomic environment and the indicators of the agricultural sector.

Suggested Citation

  • Dritsakis, Nikolaos, 2003. "The Agricultural Sector in the Macroeconomic Environment: An Empirical Approach for EU," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 4(1), pages 1-10, January.
    • Handle: RePEc:ags:aergaa:26419
    DOI: 10.22004/ag.econ.26419
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    References listed on IDEAS

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    1. Sayed H. Saghaian & Michael R. Reed & Mary A. Marchant, 2002. "Monetary Impacts and Overshooting of Agricultural Prices in an Open Economy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(1), pages 90-103.
    2. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
    3. Efstratios Loizou & Kostandinos Mattas & Angelos Pagoulatos, 1997. "Macro-monetary effects on agricultural prices: the case of Greek agriculture," Applied Economics Letters, Taylor & Francis Journals, vol. 4(7), pages 397-400.
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    Cited by:

    1. Akbar, Muhammad & Jamil, Faisal, 2012. "Monetary and fiscal policies' effect on agricultural growth: GMM estimation and simulation analysis," Economic Modelling, Elsevier, vol. 29(5), pages 1909-1920.
    2. Ogunlesi, Ayodeji, 2018. "Agricultural Productivity, Fiscal and Trade Policies Nexus in Sub-Saharan Africa: A Panel Structural Vector Error Correction Model Analysis," MPRA Paper 90202, University Library of Munich, Germany.

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