تاثیر توسعه مالی بر رشد بهره وری بخش کشاورزی در کشورهای منتخب اسلامی

محورهای موضوعی : فصلنامه علمی -پژوهشی تحقیقات اقتصاد کشاورزی

رضا شاکری بستان آباد ¹ (گروه اقتصاد کشاورزی دانشگاه تهران)
زهرا جلیلی ² (دانشگاه تبریز)
محسن صالحی کمرودی ³ (دانشگاه تبریز)
آذر شهبازی ⁴ (دانشگاه تبریز)

تاریخ دریافت : 1398/07/03 تاریخ پذیرش : 1401/10/10 تاریخ انتشار : 1401/08/01

کلید واژه: بهره وری کل عوامل تولید, اعتبارات بانکی, داده های پانل, برآوردکننده میانگین گروهی تعمیم یافته,

چکیده مقاله :

توسعه مالی با کمک به تسریع سرمایه‌گذاری می‌تواند به رشد و توسعه اقتصادی کمک نماید. از سوی دیگر، بخش کشاورزی به ویژه در کشورهای در حال توسعه، از عوامل مهم در رسیدن به رشد و توسعه اقتصادی است. در این میان به واسطه دغدغه مشترک کشورهای اسلامی در حوزه توسعه مالی و رشد بهره‌وری بخش کشاورزی، بررسی این رابطه در دوره 2017-2000 به عنوان هدف این مطالعه مدنظر قرار گرفته است. با توجه به نتایج حاصل از آزمون وابستگی مقاطع و آزمون ریشه واحد پسران، از روش AMG برای برآورد مدل استفاده شد که نتایج آن نشان‌دهنده تاثیر مثبت و معنی‌دار توسعه مالی بر بهره‌وری بخش کشاورزی کشورهای اسلامی منتخب است، بطوریکه با افزایش یک درصدی شاخص توسعه مالی، بهره‌وری بخش کشاورزی رشد بهره‌وری بخش کشاورزی 709/0 درصد افزایش خواهد داشت. اثر مثبت این متغیر نشان می‌دهد که افزایش اعطای اعتبارات به بخش خصوصی، تأمین مالی برای کشاورزان و بنگاه‌ها را آسان‌تر کرده و کاهش هزینه‌های مبادله و تولید را برای آنها به همراه داشته است.

چکیده انگلیسی:

Financial development can help economic growth and development by helping accelerate investment. On the other hand, the agricultural sector, especially in developing countries, is an important factor in achieving economic growth and development. Due to the common concern of Islamic countries in the area of financial development and agricultural productivity growth, this study has been considered for the purpose of this study in the period 2017-2000. According to the results of the cross-sectional dependency test and the root unit test of boys, the AMG method was used to estimate the model, the results of which show a positive and significant impact of financial development on agricultural productivity in the selected Islamic countries, by increasing one. Percentage of financial development index, agricultural productivity the agricultural productivity growth will increase by 0.709%. The positive effect of this variable indicates that by increasing private-sector lending, it has made it easier for farmers and firms to finance and reduce transaction and production costs.

منابع و مأخذ:

1. Abdollahi M. Investment and financial market challenges in the agricultural sector. Ravand. 2006; 16 (49):169-199. https://www.magiran.com/paper/1184885


2. Aghion P, Blundell R, Griffith R, Howitt P, Prantl S. The effects of entry on incumbent innovation and productivity. The Review of Economics and Statistics. 2009; 91(1): 20-32. [DOI: 10.3386/w12027]


3. Ahmad A, Jan I, Ullah S, Pervez S. Impact of agricultural credit on wheat productivity in District Jhang, Pakistan. Sarhad Journal of Agriculture. 2015; 31(1): 65-69. http://researcherslinks.com/current-issues/Impact-of-Agricultural-Credit-on-Wheat-Productivity-in-District-Jhang-Pakistan/14/1/97


4. Andera, S. The Nexus between Agricultural Productivity, Oil Prices, Economic Growth, and Financial Development In The USA. Master’s Thesis. Near East university Graduate School of Social Sciences Banking and Finance Program.2018.


5. Beck T. Levine, R, Loayza N. Finance and the sources of growth. Journal of Financial Economics. 2000; 58(1-2): 261-300. [doi:10.1016/S0304-405X(00)00072-6]


6. Belloumi M, Matoussi M. S. Measuring agricultural productivity growth in MENA countries. Journal of Development and agricultural economics. 2009; 1(4):103-113.[DOI: 10.5897/JDAE]


7. Bolbol A, Fatheldin A, Omran MM. Financial development, structure, and economic growth: the case of Egypt, 1974–2002. Research in International Business and Finance. 2005; 19(1): 171-194. [doi: 10.1016/j.ribaf.2004.10.008]


8. Central bank of Iran. Economic reports and balance sheet of the Central Bank of the Islamic Republic of Iran. 2016. https://www.cbi.ir/


9. Dabiri F, Khoshnevis Yazdi S, Zandi F. Agriculture productivity effects on the Iran economic Growth. Journal of Economics and Business. 2013; 4(5): 17-31. https://jebr.stb.iau.ir/article_515560.html


10. Dercon S, Gollin D. Agriculture in African development: theories and strategies. Annu. Rev. Resour. Econ. 2014; 6(1): 471-492. [doi : 10.1146/annurev-resource-100913-012706]


11. Diao X, Hazell P, Thurlow J. The role of agriculture in African development. World development. 2010; 38(10): 1375-1383. [doi:10.1016/j.worlddev.2009.06.011]


12. Eberhardt M, Francis T. Productivity Analysis in Global Manufacturing Production, Economics Series Working Papers 515, University of Oxford, Department of Economics. 2010. https://ora.ox.ac.uk/objects/uuid:f9d91b40-d8b7-402d-95eb-75a9cbdcd000


13. Fan S, Hazell P, Thorat S. Government spending, growth and poverty in rural India. American journal of agricultural economics. 2000; 82(4): 1038-1051. [doi : 10.1111/0002-9092.00101]


14. Fathi F, Zibaee M, Tarazkar M. Financial development and growth of the agricultural sector. Agricultural economy.2009; 3 (1): 57-71. http://www.iranianjae.ir/article_9950.html


15. Rees E.W. Longitudinal and Panel Data: Analysis and Applications in the Social Sciences. Cambridge University Press, Cambridge.2004.


16. Friedman M. The use of ranks to avoid the assumption of normality implicit in the analysis of variance. Journal of the American Statistical Association.1937; 32(200): 675–701[DOI: 10.1080/01621459.1937.10503522]


17. Fry M. J. Money, Interest, and Banking in Economic Development. Baltimore, Johns Hopkins University Press.1988.


18. Gollin D, Parente SL, Rogerson R. Farm work, homework and international productivity differences. Review of Economic dynamics.2004; 7(4): 827- 850. [doi: 10.1016/j.red.2004.05.003]


19. Gollin D, Parente SL, Rogerson R. The food problem and the evolution of international income levels. Journal of Monetary Economics. 2007; 54(4): 1230-1255. [doi: 10.1016/j.jmoneco.2006.04.002]


20. Haji Gh, Askar M. The effect of private and public investment on economic growth in Iran. Quarterly Journal of Applied Economics.2011; 2 (5): 99-121. https://jae.srbiau.ac.ir › article_3857


21. Homayounifar M, Cheshmi A, Yaghuti Jafarabad F. A Survey for the Effects of Financial Development on the Income Inequality in the Selected Islamic Countries. Islamic Economics Studies Bi-quarterly Journal. 2016; 9(1): 37-58. https://journals.isu.ac.ir › article_1897


22. Irz X, Lin L, Thirtle C, Wiggins S. Agricultural productivity growth and poverty alleviation. Development policy review. 2001; 19(4): 449-466. [doi: 10.1111/1467-7679.00144]


23. Kao C. Spurious regression and residual-based tests for cointegration in panel data. Journal of econometrics. 1999; 90(1): 1-44. [doi: 10.1016/S0304-4076(98)00023-2]

24.Khan US. Macro determinants of total factor productivity in Pakistan. Munich Personal RePEc Archive, MPRA Paper 8693, 2. 2005; 2(2): 383-401. https://mpra.ub.uni-muenchen.de/id/eprint/8693

25. Kim HY. Analyzing the indirect production function for US manufacturing. Southern Economic Journal, 1988; 55(2): 494-504. [doi: 10.2307/1059121]


26. Kohansal M, Shahnoushi N, Golriz Ziaei Z. Investigating the Impact of Public Investment in Agricultural Infrastructure on Productivity Growth in Iran's Agricultural Sector. Journal of Knowledge and Development.2009; 15 (27): 79-97. http://ensani.ir/fa/article/152728


27. Kose M, Prasad E, Terrones M. Does openness to international financial flows contribute to productivity growth? 2008. Available at SSRN 1167788. [doi :10.2139/ssrn.1167788]


28. Lee H, Chambers R. Expenditure constraints and profit maximization in US agriculture. American Journal of Agricultural Economics, 1986; 68(4): 857-865. [doi :10.2307/1242132]


29. Levine R. Bank-based or market-based financial systems: which is better? University of Minnesota, mimeo.2000.


30. Lucas JRRE. On the mechanics of economic development. Journal of monetary economics,1988; 22(1):3-42. [doi:10.1016/0304-3932(88)90168-7]


31. Negintaji Z, Omidi kia M. The Effect of Banking Facilities on Macroeconomic Variables of Agriculture. Economic Modeling. 2014; 7(24): 71-87. https://eco.firuzkuh.iau.ir/article_554924.html


32. O’Donnell CJ. DPIN 3.0. A Program for Decomposing Productivity Index Numbers. University of Queensland, Queensland. 2011.


33. Onoja JJ. Financial Sector Development and Agricultural Productivity. University of San Francisco, CA, University of San Francisco, CAMaster's Theses. 2017.


34. Pedroni P. Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and statistics.1999; 61(S1): 653-670. [doi: 10.1111/1468-0084.0610s1653]


35. Pesaran MH. General diagnostic tests for cross-sectional dependence in panels. Empirical Economics, 2021; 60(1): 13-50. [doi:10.1007/s00181-020-01875-7]


36. Pesaran MH. Estimation and inference in large heterogeneous panels with a multifactor error structure, Econometrica. 2006; 74(4): 967-1012. [doi: 10.1111/j.1468-0262.2006.00692.x]


37. Pesaran MH. A simple panel unit root test in the presence of cross‐section dependence. Journal of applied econometrics.2007; 22(2): 265-312. [doi: 10.1002/jae.951]


38. Pesaran MH, Smith R. Estimating long-run relationships from dynamic heterogeneous panels. Journal of econometrics. 1995; 68(1): 79-113. [doi:10.1016/0304-4076(94)01644-F]


39. Pishbahar E, Kohnepooshi S, Hosseinzad J. Estimation of Indirect Production Functions and Investigation of Budget Restrictions Existence in The production of Irrigated and Dry-land Wheat in Kurdistan Province. Agricultural Economics Research. 2016; 8(31): 37-56. http://jae.marvdasht.iau.ir/article_2072.html


40. Psacharopoulos GHA. Patrinos. Investment in Education: A Further Update”. World Bank: 2002. 1-28


41. Rezaghilizadeh M, Aghaee M. Human capital and labor productivity in the provinces of Iran. Economic Journal (bi-monthly review of economic issues and policies). 2017; 17 (1 and 2): 59-76. https://ejip.ir/article-1-974-fa.html


42. Salehi Komroudi M, Pishbahar E, Jalili Z. The Relationship between Export and Energy Use in Agriculture Sector of Selected Developing Countries. Agricultural Economics. 2015; 8(4): 43-57. http://www.iranianjae.ir/article_11552.html


43. Seifullah N, Hazeri H. The effect of financial development on labor productivity: An application of aggregation in dynamic panel data. Monetary and financial economics. 2018; 24 (13): 252-271. https://danesh24.um.ac.ir/article_31535.html


44. Sepehrdost H. Afshari F. Impact of Financial Development and Bank Credit Payments on Total Factor Productivity of Industrial Sector. The Quarterly Journal of Applied Economic Studies in Iran. 2016; 5 (20): 221-251. https://aes.basu.ac.ir/article_1673.html


45. Shah Abadi A, Feli P. The Impact of Financial Development on Total Factor Productivity in Iran. Quarterly Journal of Modern Economics and Trade. 2011; 6(2): 111-133. http://ensani.ir/fa/article/325039


46. Shahbaz M, Shahbaz Shabbir M, Sabihuddin BM. Effect of financial development on agricultural growth in Pakistan: New extensions from bounds test to level relationships and Granger causality tests. International Journal of Social Economics, 2013; 40(8): 707-728. [DOI: 10.1108/IJSE-01-2012-0002]


47. Shahbazi K, Sanginabadi B, Abdollahnezjad G. Impacts of Governmental Credits on Total Factor Productivity of Agriculture Sector in Iran. Agricultural Economics and Development. 2013; 21(84): 139-160. http://aead.agri-peri.ac.ir/article_58722.html


48. Shahnoushi N, Shabanzadeh M. The Effect of Credits of Early Return Firms on Total Factor Productivity in Agricultural Sector Case Study: Babol County. Iranian Journal of Agricultural Economics and Development Research.2012; 43(3): 511-521. [DOI: 10.22059/ijaedr.2012.30510]


49. Tadesse S. Financial development and technology. William Davidson Institute Working Papers Series WP879, Working Paper Number 749. 2005. [doi: 10.2139/ssrn.681562]


50. Thirtle C, Lin L, Piesse J. The impact of research-led agricultural productivity growth on poverty reduction in Africa, Asia and Latin America. World Development, 2003; 31(12): 1959-1975. [doi: 10.1016/j.worlddev.2003.07.001]


51. Udemezue JC, Osegbue EG. Theories and Models of Agricultural Development. Juniper publishers. Annals of reviews and research.2018; 1(5): 001-004. https://juniperpublishers.com/arr/pdf/ARR.MS.ID.555574.pdf


52. UKEssays. The Importance of Agriculture in Developing Countries Economics Essay. 2018. Retrieved from https://www.ukessays.com/essays/economics/the-importance-of-agriculture-in-developing-countries-economics-essay.php?vref=1


53. Westerlund J. Testing for error correction in panel data. Oxford Bulletin of Economics and Statistics.2007; 69(1): 709–748. [doi: 10.1111/j.1468-0084.2007.00477.x]


54. World Bank. World Development Report 2007: Agriculture for Development. Washington, DC: World Bank. https://openknowledge.worldbank.org/handle/10986/5990


55. Zakaria M, Jun W, Khan M. F. Impact of financial development on agricultural productivity in South Asia. Agricultural Economics. 2019; 65(5): 232-239. [doi: 10.17221/199/2018-AGRICECON]