Agric. Econ. - Czech, 2021, 67(6):236-245 | DOI: 10.17221/29/2021-AGRICECON

Agricultural production index: International comparisonOriginal Paper

İbrahim Bozkurt1, M. Veysel Kaya ORCID...*,2
1 Department of Finance and Banking, Faculty of Economics and Administrative Sciences, Cankiri Karatekin University, Cankiri, Turkey
2 Department of Economics, Faculty of Economics and Administrative Sciences, Kirikkale University, Kirikkale, Turkey

This paper investigates the influences of macroeconomic policies on agricultural production and other factors affecting it, based on panel data in a global sample for the period 2010-2017. Because spatial interactions in the agricultural production levels of countries are determined, spatial panel models are employed in the analyses. According to the analysis results, countries' financial, fiscal and monetary policies have an important effect on agricultural production. Besides, other important determinants of agricultural production are climatic conditions, land use and modern input use in agriculture. Our findings have important implications, especially for countries with low agricultural production.

Keywords: crop output index; macroeconomic policies; spatial interactions

Published: June 25, 2021  Show citation

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Bozkurt İ, Kaya MV. Agricultural production index: International comparison. Agric. Econ. - Czech. 2021;67(6):236-245. doi: 10.17221/29/2021-AGRICECON.
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