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Investigating Effect of Development of Agricutural, Industrial, Service and Oil Revenue to ICOR ofAgricultural Sector

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  • Sadeghi, Zakiyeh
  • Nikzad, Mojtaba
  • Todsheki, Mojtaba Bagheri

Abstract

In this study, considering the importance of incremental capital output ratio (ICOR) in agriculture Investment capital and self-sufficiency in this sector in order to grow and being influenced by the past and previous relationships strong agricultural sector productivity growth in other sectors of the economy, especially the effect of oil revenues, was trying to, long-term relationships as well as their adjustment process described by the Autoregressive-Distributed Lag model (ARDL) to investigate.The results also confirm the long-run relationship between the variables of the model show that oil revenues in appropriate path to growth agricultural productivity have beentoo much attention to the industry and imports of agricultural products decreased investment in agricultural productivity. However, the service sector growth by improving marketing activities and financing farmers to improve venture capital productivity in the agricultural sector operates. In the long run, adjusting the intersection, the model indicates improved productivity in the agricultural sector is of capital. Shown the necessary support to the agricultural sector in the short term.

Suggested Citation

  • Sadeghi, Zakiyeh & Nikzad, Mojtaba & Todsheki, Mojtaba Bagheri, 2014. "Investigating Effect of Development of Agricutural, Industrial, Service and Oil Revenue to ICOR ofAgricultural Sector," International Journal of Agricultural Management and Development (IJAMAD), Iranian Association of Agricultural Economics, vol. 4(3).
    • Handle: RePEc:ags:ijamad:246101
    DOI: 10.22004/ag.econ.246101
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    References listed on IDEAS

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    3. Burbidge, John & Harrison, Alan, 1984. "Testing for the Effects of Oil-Price Rises Using Vector Autoregressions," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(2), pages 459-484, June.
    4. Hamilton, James D, 1983. "Oil and the Macroeconomy since World War II," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 228-248, April.
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