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Asian Journal of Research in Business Economics and Management
Year : 2014, Volume : 4, Issue : 11
First page : ( 293) Last page : ( 302)
Online ISSN : 2249-7307.
Article DOI : 10.5958/2249-7307.2014.00993.1

The Study of the Effect of Investment in the Agricultural Sector on Iran Economic Growth in Comparison with Other Sectors

Ghasemi Alia, Namvar Ehsanb, Sharifi Mohammadc, Alamdari Ahmadd

aMA in Agricultural Economic, Keshavarzi Bank Employees, Arsanjan Branch, Iran

bM A in Economic, Department of Accounting, Nourabad Mamasani Branch, Islamic Azad University, Nourabad Mamasani, Iran

cM A in Marketing Management, Department of Management, Payame Noor University, I.R of Iran

dM A in Government Management, Finance, Iran

Abstract

In recent decades, many theoretical discussions about the agricultural sector position at the global level among economists and politicians in Development area have been performed. Clearly, all parties of debate agree upon the strategic importance of the agricultural sector and the necessity of attention to it. The aim of this study is to measure and analyze the investment effects in the agricultural sector on Iran economic growth in comparison with the other economic sectors. The calculations have been performed by using available data of time series 1986–2012 and Auto Regressive Distributed Lag (ARDL) method. Results of the study showed that there is long-term relationship between economic growth and investment in the agricultural sector, investment in the agricultural sector has a positive effect on economic growth and has a positive effect on the production of other sectors and the agricultural sector does not have proper position among the various sectors of the economy as well.

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Keywords

Agriculture, Investment, Economic Growth, Auto Regressive Distributed Lag.

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