Public Expenditure and Agricultural Production in Meghalaya, India: An Application of Bounds Testing Approach to Co-Integration and Error Correction Model

De, Utpal Kumar

doi:10.2139/ssrn.3637238

Cited by 3 publications

(4 citation statements)

References 7 publications

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“…The result of the Random effects model shows that the policy of public expenditure (PUEXP) and intervention (INTEV) variables were significant but negative for Nigeria, while the variables were significant but positive for china. De and Dkhar (2018), examine the short and long run relationship between government expenditure on agriculture and its allied sector and agricultural output of Malaysia for the period of 1984 -85 to 2013 -14. Bound test co-integration was used to test for long-run relationship.…”

Section: Empirical Reviewmentioning

confidence: 99%

Federal Government Expenditure on Agriculture and Agricultural Outputs in Nigeria

Godwin Edet Bassey

2023

SJSS

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Every industrialised country today passed through the agrarian era. In fact, the industrial sector takes its root from the agricultural sector. In a developing nation, government expenditure power is very central to all facets of development including agriculture. In view of this the study empirically evaluated the nexus between Federal Government Spending on the four sectors (crops, livestock, forestry and fishery) of agriculture as its determined agricultural output. The study employed secondary data spanning from 1981 – 2019 sourced from the CBN Statistical Bulletin, 2019 and World Bank Development Indicators, 2019. ADF and Unit Root testing technique, Johanson co-integration test, error correction model (ECM) and Granger causality test were employed as analytical tools in the course of the study,. Each of the four sectors of Agriculture was explained by total government expenditure on agriculture, interest rate, Annual Rainfall, official exchange rate and population growth. Federal government capital expenditure was found to be positively related to agricultural output, because an increase in government expenditure on agriculture is likely to lead to a multiple increase in agricultural output. The ECM model showed that interest rate on bank loan has significant positive impact on each agricultural output, annual rainfall also has a significant positive impact on each agricultural output while official exchange rate has a negative but significant impact on each agricultural output. The policy imports of this study is that governments at all levels should seek more productive ways to invest in the agricultural sector by upgrading to mechanised farming, providing fertilizers for improved yields, providing high-yield seedlings to ensure self-sufficiency; The commercial banks should complement government’s effort in ensuring that interest on loans to the agricultural sector are favourable as this would encourage more investors in the sector, among others.

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Section: Empirical Reviewmentioning

confidence: 99%

Federal Government Expenditure on Agriculture and Agricultural Outputs in Nigeria

Godwin Edet Bassey

2023

SJSS

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“…Then for the long-run possibility, the use of VAR and VECM have been used. This article ran VAR or VECM ration of variables in the first difference, however De and Dkhar (2018) 1991, 1992 to 2006, and 2007 to 2016 respectively. RTC is much higher in Republic, which 122123.6, than democratic and Panchayat systems, which are 78718.5 and 68553.3 milarly, the RGDP is the highest in the case of the Republic regime (6584701) followed by…”

Section: Real Value =mentioning

confidence: 99%

“…Then for the short-run and long-run possibility, the use of VAR and VECM have been used. This article ran VAR or VECM after the integration of variables in the first difference, however De and Dkhar (2018) performed ARDL (Significant for equations having variably integrated to I (1) or I (0) simultaneously. All the time series modelling has been performed by E-Views 10 student version and interpreted.…”

Section: Real Value =mentioning

confidence: 99%

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Public Expenditure in Nepal: A Case of Transportation Sector

Ghimire¹

2021

J. Mgt Devt. Stud.

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The rapid growth in public investment in various sectors was assumed after decades of conflict and an unstable political situation. With the declaration of the Federal Republic, Nepal is going to embark on accelerated economic growth. This has somewhat caused concerns among policymakers of its implication for economic growth. And the government investment in transportation infrastructure is one of the core strategies, called the ‘infrastructure of infrastructures’. The main aim of this study is, therefore, to explain the relationship between economic growth and public expenditure in the transportation sector in Nepal. Primarily, this study has focused on the distinction of expenditures in the five-year development plans in three systems (Panchayat, Democratic, and Republic). This study used time series data collected between 1975 and 2016. The statistical and econometric tools have been used for the study. The result shows that the trend of government investment on public expenditure has increased in the Republic system. This study reveals that the variables are stationary on the first difference. The obtained regression model is satisfactory by diagnostic tests (errors are normally distributed, no serial correlation, and homoscedastic). The data explain the positive and significant influence of Transportation Capital Expenditure on Gross Domestic Product, and, hence, it is contributing to economic growth. Furthermore, the results show short-run unidirectional causation from Transportation Capital Expenditure to Gross Domestic Product.

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Government spending in the agricultural sector: Optimal ratio with lending and the impact on the agricultural production

Atashov,

Valiyeva,

Gafarov

2024

Problems and Perspectives in Management

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An effective government agropolicy should be balanced: To reduce the state budget pressure, it is important to reduce public spending and encourage farmers to use agricultural loans. Reducing public spending should not lead to a shortage in the agricultural market. The paper aims to substantiate the directions of government agropolicy transformation based on the optimal ratio of public expenditures and loans in the agrosector and the dependence of agroproduction dynamics on state financing. The research base is data from 10 countries with different income levels (World Bank), presented in FAOSTAT for 2004–2021. For each country, the optimal (determined by the structural modeling method) and actual proportions between state financing and lending in the agrosector are compared, adjusted for the agroproduction index. The modeling showed that the share of public funds should increase in Germany, Israel, Italy, and the UK and decrease in Azerbaijan and Georgia; the current proportion is optimal in the USA, Russia, Turkey, and Ukraine. Based on a panel regression model with fixed effects, the influence of the actual level of state agrofinancing on the FAO Production Indices of the main types of agroproducts was determined. It is the largest for crops, meat, and milk (a decrease in state funding by USD 1 million threatens to reduce the respective indices by 4.5, 3.47, and 3.79 points), medium for cereals and sugar crops (according to points 2.69 and 2.11), and the smallest for livestock and non-food products (by 1.53 and 0.001 points, respectively).

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Public Expenditure and Agricultural Production in Meghalaya, India: An Application of Bounds Testing Approach to Co-Integration and Error Correction Model

Cited by 3 publications

References 7 publications

Federal Government Expenditure on Agriculture and Agricultural Outputs in Nigeria

Federal Government Expenditure on Agriculture and Agricultural Outputs in Nigeria

Public Expenditure in Nepal: A Case of Transportation Sector

Government spending in the agricultural sector: Optimal ratio with lending and the impact on the agricultural production

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