Akademik Veri Yönetim Sistemi
14th International Conference on Agriculture, Animal Science & Rural Development, İzmir, Türkiye, 22 - 24 Mart 2024, ss.1109-1126
The agricultural sector is one of the strategically important
sectors for both developing and developed countries. In particular, it has
become necessary to produce high value-added products in the agricultural
sector, which encounters increasing competition due to globalization. Thus,
many countries are promoting the agricultural sector through various practices.
The aim of this study is to examine the impact of agricultural investment
incentives on agricultural gross domestic product in Turkey. Annual data for
the period 2001-2023 have been used in the study in line with this objective.
Firstly, the stationarity of the variables in the econometric model has been
tested using Augmented Dickey Fuller and Phillips Perron unit root tests. The
results of both unit root tests results indicate that the variables are
stationary when their first differences are taken in the model. Then, the
presence of short and long-term relationships between the variables has been
analyzed using the Autoregressive Distributed Lag Bound Test approach after the
unit root tests. ARDL model’s bounds test approach findings denote that there
is a cointegration relationship between agricultural investment incentives and agricultural
gross domestic product in the long term. Moreover, positive and statistically significant
relationship has been identified between the variables in the model. According
to the results obtained from the long-term coefficient estimation, a 1%
increase in agricultural investment incentives increases agricultural gross
domestic product by 0.14%. On the other hand, the error correction coefficient,
which has been found to be negative(-0.11) and statistically significant, is
consistent with theoretical expectations. This result indicates that short-term
imbalances will converge to the long-term equilibrium level. The findings
suggest that investment incentives should be increased for sub-sectors that are
strategically important in the agricultural sector. It is believed that
emphasis should be placed on agricultural investment incentives that take into
account the dynamics of each region on a regional basis, thereby increasing
productivity. Furthermore, it is considered that policies encouraging agricultural
investments in technology to enhance value-added in agricultural production
should be supported.