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The Role of the Agricultural Sector in Achieving Economic Development

Author

Listed:
  • Karim Panahi

    (Department of Management, College of Management, Economics and Accounting, Tabriz Branch, Islamic Azad University, Tabriz, Iran)

  • Monireh Dizaji

    (Department of Economics, Tabriz Branch, Islamic Azad University, Tabriz, Iran)

  • Arash Ketabforoush Badri

    (Department of Economics, Faculty of Management and Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran)

Abstract

The agricultural sector is one of the important economic sectors have an important contribution to the GDP, employment, food needs and agricultural products industries. Ardabil province is considered as one of Iran’s agricultural hubs. Ardabil province’s agricultural exports accounted for a significant share of non-oil exports of the province which can increase the foreign exchange earnings of the province. Therefore, this study is trying to deal with the impact of agriculture on the economic development of Ardabil province of Iran using quarterly data from 2003 to 2015 and ARDL method. The results of the study show that lending to the agricultural sector and an increase in exports of agricultural products can be a factor in increasing growth and economic development. So that it can be confirmed because of the capacity for the production and export of agricultural products Ardabil, with the improvement of conditions can provide much more growth and economic development of the province.

Suggested Citation

  • Karim Panahi & Monireh Dizaji & Arash Ketabforoush Badri, 2018. "The Role of the Agricultural Sector in Achieving Economic Development," Noble International Journal of Economics and Financial Research, Noble Academic Publsiher, vol. 3(11), pages 124-132, November.
  • Handle: RePEc:nap:nijefr:2018:p:124-132
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    References listed on IDEAS

    as
    1. Dicle Ozdemir, 2017. "Causal Relationship between Agricultural Exports and Exchange Rate: Evidence for India," Applied Economics and Finance, Redfame publishing, vol. 4(6), pages 36-41, November.
    2. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    3. Blessings Chinsinga & Michael Chasukwa, 2018. "Agricultural Policy, Employment Opportunities and Social Mobility in Rural Malawi," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 7(1), pages 28-50, April.
    4. Arash Ketabforoush Badri & Yashar Emami Tabrizi & Parsa Ketabforoush Badri, 2017. "Factors Affecting the Value Added of Agriculture Sector in Selected Developing Countries Emphasising on Human Capital," Noble International Journal of Social Sciences Research, Noble Academic Publsiher, vol. 2(9), pages 88-94, September.
    5. Paggi, Mechel S. & Rosson, C. Parr, III & Adcock, Flynn J. & Hanselka, Daniel D., 2011. "National and Regional Impacts of U.S. Agricultural Exports," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 26(1), pages 1-6.
    6. Susanto, Dwi & Rosson, C. Parr, III & Costa, Rafael F., 2012. "Structural Reforms and Agricultural Export Performance: An Empirical Analysis," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119657, Southern Agricultural Economics Association.
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