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Fully Modified Least Squares Modeling Of Wheat Crop Production

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Listed:
  • Rajarathinam
  • A.
  • Suba
  • S.S.

Abstract

This paper investigates the dynamic relationships between area and production of the wheat crop during 1989-90 to 2020-2021 in different districts of Gujarat state, India. Pedroni cointegration test reveals the long-run equilibrium relationships between area and production of wheat, and the pairwise Granger causality test ensures cointegration relationships. Furthermore, the estimated long-run Panel Fully Modified Least Squares model was highly significant, which explains the 86 % of variations in wheat production. Furthermore, the long-term coefficient is positive and highly significant, indicating the existence of positive long-run equilibrium relationships between the study variables. JEL classification numbers: E18, HO, I1, J64, J88.

Suggested Citation

  • Rajarathinam & A. & Suba & S.S., 2023. "Fully Modified Least Squares Modeling Of Wheat Crop Production," Journal of Statistical and Econometric Methods, SCIENPRESS Ltd, vol. 12(1), pages 1-4.
    • Handle: RePEc:spt:stecon:v:12:y:2023:i:1:f:12_1_4
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    References listed on IDEAS

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    More about this item

    Keywords

    Cross-sectional dependence test; Panel cointegration test; Fully Modified Least Squares; Granger causality test; Levin-Lin-Chu unit root test.;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J88 - Labor and Demographic Economics - - Labor Standards - - - Public Policy

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