Analysis of the relationship between Cotton Production and Prices by using Koyck Approach in Turkey

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dc.contributor.authorAgazade, Şeymur
dc.date.accessioned2022-09-12T10:37:22Z
dc.date.available2022-09-12T10:37:22Z
dc.date.issued2021
dc.departmentALKÜ, Fakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractIn this study, the relationship between the amount of cotton production and real cotton prices was investigated for Turkey in the framework of Koyck approach, one of the distributed lag models. For this purpose, data for the 19 cotton grown provinces of Turkey and panel data methods were used. Cotton real prices were calculated using the nominal cotton prices of each province and the consumer price index of Turkey in general. Panel data crosssectional dependency analyses show that there are positive correlations between both the amount of cotton production and real price series of different provinces. This correlation was found to be 21.6% for cotton production and 90.4% for real cotton prices. Findings of panel unit root tests supported that cotton production and cotton real price series were stationary. This result supports that both series return to their long run levels after external shocks. Taking into account the problems related to the basic assumptions of the fixed effects model, the cotton production function was estimated in the context of an approach, which is based on robust standard errors and provides efficient results in the presence of autocorrelation, heteroscedasticity and cross-sectional dependence. The findings of the panel data fixed effect model estimated within the framework of the Koyck approach showed that a 1% change in the real cotton price affected cotton production in the same direction by 0.31% in the same year. Furthermore, this change in real cotton price affects cotton production by 0.26% and 0.22% after 1 and 2 years, respectively. Finally, the average time required to reflect the real cotton price changes on the production was calculated as 4.99 years.
dc.identifier.doi10.33462/jotaf.681808
dc.identifier.endpage399en_US
dc.identifier.issue3en_US
dc.identifier.startpage386en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12868/1578
dc.identifier.urihttps://dergipark.org.tr/tr/pub/jotaf/issue/64825/681808
dc.identifier.volume18en_US
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isotr
dc.relation.ispartofJournal of Tekirdag Agriculture Faculty-Tekirdag Ziraat Fakültesi Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCotton production amount
dc.subjectReal cotton price
dc.subjectKoyck approach
dc.subjectPanel data
dc.subjectTurkey
dc.titleAnalysis of the relationship between Cotton Production and Prices by using Koyck Approach in Turkey
dc.title.alternativeTürkiye’de Pamuk Üretimi İle Fiyatı Arasındaki İlişkinin Koyck Yaklaşımı İle Analizi
dc.typeArticle

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