The Agricultural Sector in the Macroeconomic Environment: An Empirical Approach for EU
AbstractThis paper attempts to examine the relationship between the agricultural sector and the macroeconomic environment with a special mention in the way of prices formation in the agricultural sector. In the empirical analysis of this study a multivariate cointegration technique is applied in conjunction with Granger causality tests. The results of this analysis provide indications for the existence of significant causal relationships between the variables that characterize the macroeconomic environment and the indicators of the agricultural sector.
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Bibliographic InfoArticle provided by Greek Association of Agricultural Economists in its journal Agricultural Economics Review.
Volume (Year): 04 (2003)
Issue (Month): 1 (January)
Demand and Price Analysis;
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- Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-72, June.
- Sayed H. Saghaian & Michael R. Reed & Mary A. Marchant, 2002. "Monetary Impacts and Overshooting of Agricultural Prices in an Open Economy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(1), pages 90-103.
- Akbar, Muhammad & Jamil, Faisal, 2012. "Monetary and fiscal policies' effect on agricultural growth: GMM estimation and simulation analysis," Economic Modelling, Elsevier, vol. 29(5), pages 1909-1920.
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