The Impact of Macro Economy Coefficients on Q-Tobin (Investment incentives) in Iran’s Agriculture Section

Document Type : Research Paper

Authors

• S Nabieian ¹
• S Esfandiari ²
• E Sepahvand ³

¹ Assistant Professor of Agricultural Economics, Shahid Bahonar University of Kerman. Iran

² Ph.D. student of Agricultural Economics, Ferdowsi University of Mashhad.

³ Ph.D. student of Agricultural Economics, Shahid Bahonar University of Kerman. Iran.

Abstract

Due to the importance of investing in economic growth of agriculture and structural functions in the agricultural sector investment and Tobin's Q, In this study macroeconomic variables on investment incentives in the agricultural sector during the 1985-2013 Iran and use the Method Distributed Lag (ARDL) was investigated. The results shows that rural inflation and interest rates both in the short and long-term incentives to invest in agriculture and significant negative effect. While agricultural exports and the index of food prices in the short term and the long-term and significant positive effect on investment incentives in the agricultural sector. The results also suggest that the exchange rate only in the short term positive impact on investment incentives in the agricultural sector. It is suggested that the government's expansionary monetary policy and pump money into the rural economy to caring with policies such as reducing barriers for export, encourage farmers to produce and export more.

Keywords

• Q-Tobin
• agriculture section’s value-added
• ARDL
• Investment

20.1001.1.20086407.1396.9.35.2.1

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