Public investment in agriculture and it's effect on agricultural growth

ABSTRACTMSc THESISPUBLIC INVESTMENT IN AGRICULTURE ANDIT?S EFFECT ON AGRICULTURAL GROWTHNermin BAHŞDEPARTMENT OF AGRICULTURAL ECONOMICSINSTITUTE OF NATURAL AND APPLIED SCIENCESUNIVERSITY OF ÇUKUROVASupervisor : Associate Prof.Dr. Haydar ŞENGÜLYear: 2005, Page: 129Jury : Associate Prof.Dr. Haydar ŞENGÜLAssociate Prof.Dr. M.Necat ÖRENAssistant Prof.Dr. Fuat BUDAKAgricultural fixed Capital Investments, Agricultural Public and PrivateInvestments and their relationship with agricultural growth at 1980 real prices wereinvestigated in the 1963-2004 period in Turkey.Agricultural total investments have increased in real term with 2.1 % annualgrowth rate in 1963-2004 period. Agricultural total investments accounts 7.3 % ofagricultural gross value of production (AGVP) which can be said as insufficient therelated period.Correlation coefficients were estimated as 0,833 between AGVP and totalagricultural investments an as 0,729 between AGVP and agricultural publicinvestments correlation coefficients are significant at 0,01 level. Agricultural totalinvestments elasticity of AGVP were found to be 0,19 for short run and 0,49 for longrun.Keywords: Fixed Capital Investments, Agricultural Investments, AgriculturalInvestments and agricultural growthII