Investigating Effect of Development of Agricutural,Industrial, Service and Oil Revenue to ICOR of Agricultural Sector

Subject Areas : Environmental policy and management

Zakiyeh Sadeghi ¹ , Mojtaba Nikzad ² , Mojtaba Bagheri Todsheki ³

1 - Undergraduate Student in Agricultural Economics, Saveh Payamnoor Univiersity
2 - Graduate Student in Agricultural Economics, Tehran University
3 - Faculty Member of Mofid Qom Economic University

Received: 2014-05-07 Accepted : 2014-08-17 Published : 2014-09-01

Keywords: agriculture, Capital ratio production (ICOR), industry sector, service sector, oil revenues, Auto distributed lag model (ARDL),

Abstract :

In this study, considering the importance of incremental capital output ratio (ICOR) in agriculture Investment capital and self-sufficiency in this sector in order to grow and being influenced by the past and previous relationships strong agricultural sector productivity growth in other sectors of the economy, especially the effect of oil revenues, was trying to, long-term relationships as well as their adjustment process described by the Autoregressive-Distributed Lag model (ARDL) to investigate.The results also confirm the long-run relationship between the variables of the model show that oil revenues in appropriate path to growth agricultural productivity have beentoo much attention to the industry and imports of agricultural products decreased investment in agricultural productivity.However,the service sector growth by improving marketing activities and financing farmers to improve venture capital productivity in the agricultural sector operates. In the long run, adjusting the intersection, the model indicates improved productivity in the agricultural sector is of capital. Shown the necessary support to the agricultural sector in the short term.

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