Analyzing Iinflation in Agriculture Using Co-integration Analysis
Subject Areas : Bi-quarterly Journal of development economics and planning
1 - Instructor, Jahad Keshavarzi Scientific Appliod University, Iran
2 - Associate Professor, Department of Agricultural Economic, Shiraz University, Iran
Keywords: inflation, agriculture, paid price, received price, Johansen model,
Abstract :
Meanwhile in the agricultural sector of developing countries ability and significant capacity in the supply of food and materials to industries is of particular importance, Iran’s economy is no exception. Agricultural sector as one of the major sectors of the economy is under the impact of macro economic policies and decisions. In Iran inflation has been one of the most important economic problems in recent decades. For this purpose, in this paper we examine the existence of inflation in agriculture. To achieve this the paid prices and received prices will be evaluated. Using data series 1970-2010 of the central bank and Johansen co-integration test, it was concluded that the paid prices and received prices are cumulative. But a long-term relationship between paid and received prices are not as a one-to-one type. So inflation on the paid prices is more than the received prices. In that case the cost pressure on the farmers, and remove the cost pressures in the agricultural sector is the need for government intervention and superintend of prices
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