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Public investment and agricultural productivity: A State-wise analysis of foodgrains in India

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  • D. Shyjan

    (Centre for Development Studies
    Institute of Economic Growth)

Abstract

The main objective of the study is to examine the long-run relationship between public investment and foodgrain productivity across the fifteen major states of India. The analysis is confined to the period, 1974-'75 to 2005-'06. In order to examine the long-run impact of public investment on foodgrain productivity, the study uses Koyck's Autoregressive Distributed Lag model (ADL). The study observes that the productivity levels are higher in those states where the initial investments were above the national average. The major conclusion of the study is the existence of a positive but lagged effect of public investment on productivity. The lag varies across states; as low as 0.5 years in Gujarat and as high as more than 10 years in Punjab, Haryana and Kerala. The existence of the lag, the study argues, might point to the need for sustained public investment as a means to raise foodgrain productivity in the future.

Suggested Citation

  • D. Shyjan, 2007. "Public investment and agricultural productivity: A State-wise analysis of foodgrains in India," Centre for Development Studies, Trivendrum Working Papers 387, Centre for Development Studies, Trivendrum, India.
    • Handle: RePEc:ind:cdswpp:387
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    References listed on IDEAS

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    6. Shyjan D, 2007. "Public Investment and Agricultural Productivity: A State-wise Analysis of Foodgrains in India," Working Papers id:896, eSocialSciences.
    7. Roy, B.C. & Pal, Suresh, 2002. "Investment, Agricultural Productivity and Rural Poverty in India: A State-Level Analysis," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 57(4), December.
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    Cited by:

    1. Yeboah Asuamah, Samuel, 2016. "Modelling the Effect of Investment on Agricultural Productivity in Ghana," MPRA Paper 70606, University Library of Munich, Germany.

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    More about this item

    Keywords

    Public Investment; foodgrains; productivity;
    All these keywords.

    JEL classification:

    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services

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