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

Author

Listed:
  • 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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    File URL: http://www.cds.edu/wp-content/uploads/2012/09/wp387.pdf
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    References listed on IDEAS

    as
    1. Boyce, James K, 1986. "Kinked Exponential Models for Growth Rate Estimation," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 48(4), pages 385-391, November.
    2. Dibyendu S. Maiti, 2005. "Organisational morphology of rural industries in liberalised India: A study of West Bengal," Centre for Development Studies, Trivendrum Working Papers 371, Centre for Development Studies, Trivendrum, India.
    3. Sunil Mani, 2005. "Keeping pace with globalisation innovation capability in Korea's telecommunications equipment industry," Centre for Development Studies, Trivendrum Working Papers 370, Centre for Development Studies, Trivendrum, India.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Public Investment; foodgrains; productivity;

    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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