The Impacts of Agricultural Research and Development Expenditures on Agricultural Total Factor Productivity: Evidence from Selected Latin American Countries | Zendy

Sefa Işık | Zendy

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The Impacts of Agricultural Research and Development Expenditures on Agricultural Total Factor Productivity: Evidence from Selected Latin American Countries

Author(s) -

Sefa Işık

Publication year - 2018

Publication title -

doğuş üniversitesi dergisi

Language(s) - English

Resource type - Journals

eISSN - 1308-6979

pISSN - 1302-6739

DOI - 10.31671/dogus.2018.1

Subject(s) - agriculture , latin americans , productivity , agricultural economics , agricultural productivity , total factor productivity , economics , economic growth , political science , geography , archaeology , law

The aim of the study is to investigate the impacts of agricultural research and development expenditures on agricultural total factor productivity by using annual panel data set covering 5 selected Latin American countries from 1981 to 2013. In doing so, we use the panel cointegration analysis under cross-section dependence and panel fully modified ordinary least squares (FMOLS) method. At the end of the analysis; there is a cointegration relationship between research and development and total factor productivity in agriculture sector for these selected countries. Also, the elasticity coefficient of agricultural research and development expenditures is 0.58.

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