International Journal of Business Management & Research - Volumes & Issues - Volume 7: Dec 2017, Issue 2

A Causal Relationship Between Agricultural Production and Exports : An Impact on Indian Economy

Authors

Waseem Ahmad Khan & Aditi Agarwal

DOI Number

Keywords

Agricultural production, agricultural exports, India’s GDP.

Abstract

In this paper, we analyse the impact of agricultural exports and agricultural production on Indian economy, this paper also analyzes the effect of Agricultural production on GDP. Moreover it analyzes the causal relationship between agriculture exports, agricultural production and GDP. Variable which we have taken to fulfill our objective are AP (Agricultural production), AXp (Agricultural Export), GDP (Gross Domestic Product) in which GDP is dependent variable and AP, AXp are independent variables. In order to attain our objective, we will undertake certain methodology in which we will use pair wise granger causality and also use the regression model to find out the impact between the variable. This paper is divided into three parts – first part of the study tries to show the trend between the variable and use CAGRto find out the volume or magnitude between the periods of the study. Secondly, with the help of pair wise granger causality test, we try to show the causal relationship between the variables in order to perform the regression model. Finally, at the end of our study, we have used the regression model to explore the impact of agricultural export on Indian economy.

References

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How to cite

Journal

International Journal of Business Management & Research

ISSN

2249-2143

Periodicity

Bi-Annual