Agricultural production index: International comparison

Bozkurt İ., Kaya M.V. (2021): Agricultural production index: International comparison. Agric. Econ. – Czech, 67: 236–245.

download PDF

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.

Akbar M., Jamil F. (2012): Monetary and fiscal policies' effect on agricultural growth: GMM estimation and simulation analysis. Economic Modelling, 29: 1909–1920.
Akram N. (2012): Is climate change hindering economic growth of Asian economies? Asia-Pacific Development Journal, 19: 1–12.
Anselin L. (1995): Local indicators of spatial association – LISA. Geographical Analysis, 27: 93–115.
Anselin L., Le Gallo J., Jayet H. (2008): Spatial panel econometrics. In: Mátyás L., Sevestre P. (eds.): The Econometrics of Panel Data. Berlin, Germany, Springer-Verlag: 625–660.
Asim H., Akbar M. (2019): Sectoral growth linkages of agricultural sector: Implications for food security in Pakistan. Agricultural Economics – Czech, 65: 278–288.
BADC (2020): Climatic Research Unit (CRU) Time-Series (TS) Version 4.04 of High-resolution Gridded Data of Month-by-month Variation in Climate (Jan. 1901–Dec. 2019). [Dataset]. British Atmospheric Data Centre. Available at (accessed Nov 15, 2020).
Barman S., Deka N., Deka P. (2019): Impact of farm mechanization on cropping pattern and cropping intensity – A case study from Assam, India. Asian Journal of Agricultural Extension, Economics & Sociology, 32: 1–7.
Bidisha S.H., Hossain A., Alam R. (2018): Credit, tenancy choice and agricultural efficiency: Evidence from the northern region of Bangladesh. Economic Analysis and Policy, 57: 22–32.
Bishwajit G., Barmon R., Ghosh S. (2014): Reviewing the status of agricultural production in Bangladesh from a food security perspective. Russian Journal of Agricultural and Socio-Economic Sciences, 25: 19–27.
Bozkurt İ., Karakuş R. (2020): Provincial financial inclusion in Turkey: Measurement and its spatial determinants. Ege Academic Review, 20: 101–124.
Brown C., Meeks R., Ghile Y., Hunu K. (2010): An empirical analysis of the effects of climate variables on national level economic growth. World Bank's World Development Report 2010: Policy Research, Working Paper No. 5357: 1–27.
Cho S.H., Chen Z., Poudyal N.C. (2010): Spatial structure of agricultural production in China. Applied Economics, 42: 2031–2040.
Cliff A.D., Ord J.K. (1981): Spatial Process: Models and Applications. London, UK, Taylor & Francis: 1–266.
Cristea M., Noja G.G. (2019): European agriculture under immigration effects: New empirical evidence. Agricultural Economics – Czech, 65: 112–122.
Crost B., Duquennois C., Felter J.H., Rees D.I. (2018): Climate change, agricultural production and civil conflict: Evidence from the Philippines. Journal of Environmental Economics and Management, 88: 379–395.
Deschênes O.B., Greenstone M. (2007): The economic impacts of climate change: Evidence from agricultural output and random fluctuations in weather. The American Economic Review, 97: 35–385.
Dhahri S., Omri A. (2020): Foreign capital towards SDGs 1 & 2 – Ending poverty and hunger: The role of agricultural production. Structural Change and Economic Dynamics, 53: 208–221.
Emmanuel I.A., Ojima D.J.P., Okonkwo O.N. (2015): A review of monetary policy and the Nigerian agricultural sector performance. International Journal of Academic Research in Progressive Education and Development, 4: 70–86.
FAO (2020a): Faostat. [Dataset]. Food and Agriculture Organization of the United Nations. Available at (accessed Sept 25, 2020).
FAO (2020b): Agricultural Production Indices. [Dataset]. Food and Agriculture Organization of the United Nations. Available at (accessed Oct 2, 2020).
Gulati A., Kumar A.G., Shreedhar G., Nandakumar T. (2012): Agriculture and malnutrition in India. Food and Nutrition Bulletin, 33: 74–86.
Huffman W.E., Evenson R.E. (2006): Do formula or competitive grant funds have greater impacts on state agricultural productivity? American Journal of Agricultural Economics, 88: 783–798.
Kargbo J.M. (2005): Impacts of monetary and macroeconomics factors on food prices in West Africa. Agrekon, 44: 205–224.
Koç A.A., Yu T.E., Kıymaz T., Sharma B.P. (2019): Effects of government supports and credits on Turkish agriculture. Journal of Agribusiness in Developing and Emerging Economies, 9: 391–401.
Lamb R.L. (2000): Food crops, exports, and the short-run policy response of agriculture in Africa. Agricultural Economics, 22: 271–298.
Machethe C.L. (2004): Agriculture and poverty in South Africa: Can agriculture reduce poverty? Conference on the Overcoming Underdevelopment in Pretoria, South Africa, Oct 28–29, 2004: 1–14.
Maddison D., Manley M., Kurukulasuriya P. (2007): The Impact of Climate Change on African Agriculture: A Ricardian Approach. Policy Research Working Paper 4306. Washington D.C., US, the World Bank: 2–23.
Mellor J.W. (1995): Agriculture on the Road to Industrialisation. London, UK, the Johns Hopkins University Press: 1–358.
Mishra D., Sahu N.C., Sahoo D. (2016): Impact of climate change on agricultural production of Odisha (India): A Ricardian analysis. Regional Environmental Change, 16: 575–584.
Mohammed R. (2020): The causality between agriculture and economic growth in the Arab world. Eurasian Journal of Economics and Finance, 8: 54–67.
Moran P.A.P. (1950): Notes on continuous stochastic phenomena. Biometrika, 37: 17–23.
Mungai D.K., Boitt M.K. (2016): Impacts of land use dynamics on agricultural activities, a case study of Miiriga Mieru Sast Sub County, Kenya. International Journal of Engineering Sciences & Research Technology, 5: 537–546.
Nepal R., Thapa G.B. (2009): Determinants of agricultural commercialisation and mechanisation in the hinterland of a city in Nepal. Applied Geography, 29: 377–389.
Rao T., Pingali P. (2018): The role of agriculture in women's nutrition: Empirical evidence from India. PLoS ONE, 13: 1–17.
Salim Y.A. (2019): Impact of monetary policy on agricultural domestic product in Iraq for the period (1990–2014). Iraqi Journal of Agricultural Science, 50: 557.
Singariya M.R., Naval S.C. (2016): An empirical study of intersectoral linkages and economic growth in India. American Journal of Rural Development, 4: 78–84.
Sun Y., Hu R., Zhang C. (2019): Does the adoption of complex fertilisers contribute to fertiliser overuse? Evidence from rice production in China. Journal of Cleaner Production, 219: 677–685.
Townsend R.F., Thirtle C. (1998): The effects of macroeconomic policy on South African agriculture: Implications for exports, prices and farm incomes. Journal of International Development, 10: 117–128.<117::AID-JID504>3.0.CO;2-J
Vinogradov D.V., Stenichkina M.Y., Vasileva V.M. (2020): Increasing the oats (Avena sativa) productivity when co-use of fertilizers and growth regulator in conditions of the Nonchernozem zone of Russia. International Transaction Journal of Engineering, Management & Applied Sciences & Technologies, 11: 1–9.
Wagan Z.A., Chen Z., Seelro H., Shah M.S. (2018): Assessing the effect of monetary policy on agricultural growth and food prices. Agricultural Economics – Czech, 64: 499–507.
Wang J., Mendelsohn R., Dinar A., Huang J., Rozelle S., Zhang L. (2009): The impact of climate change on China's agriculture. Agricultural Economics, 40: 323–337.
World Bank (2020a): Agriculture and Food. The World Bank. Available at (accessed Dec 19, 2020).
World Bank (2020b): Financial Sector. [Dataset]. The World Bank. Available at (accessed Sept 25, 2020).
Yan H., Liu J., Huang H.Q., Tao B., Cao M. (2009): Assessing the consequence of land use change on agricultural productivity in China. Global and Planetary Change, 67: 13–19.
Yuandong G., Tao W., Wen Y., Xiaohua W. (2013): A spatial econometric study on effects of fiscal and financial supports for agriculture in China. Agricultural Economics, 59: 315–332.
download PDF

© 2022 Czech Academy of Agricultural Sciences | Prohlášení o přístupnosti