Study of Monetary Shocks on Investment in Agricultural Sub-Sectors of Iran
Author(s):
Abstract:
Abstract Monetary policy as a macroeconomic tool influences investment in agricultural sub-sectors. Given to the importance of agricultural sub-sector in the economy of Iran, the effect of monetary shocks on investment in agricultural sub-sectors was studied during the period of 1993 to 2011. By using panel data, a fixed effect model was estimated for the model of investment in sub-sectors of farming and horticulture, livestock, fisheries and forestry. The results show that monetary shocks have had a negative effect on investment in agricultural sub-sectors. In other words increasing liquidity has decreased investment in the sub-sectors. This coefficient shows that one percent increase in monetary shocks causes 0.92 percent decrease in sub-sector's investment. Due to the results, it is proposed that the government should notice to the side effects of applying monetary policies in agricultural sub-sectors.
Keywords:
Language:
Persian
Published:
Agricultural Economic and Development, Volume:24 Issue: 96, 2017
Page:
185
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