The effect of credits on the investment motivation of the agricultural sector and its sociological explanation

Document Type : Original Article

Authors

1 PhD Student in Agricultural Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran.

2 Assistant Professor, Department of Agricultural Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran.

Abstract

In this study, we will examine the effect of credit on investment motivation in the agricultural sector. For this purpose, the time series data of the Central Bank of Iran in the period 1397-1364 (2018-1985) has been used. The variables used to test the research hypotheses are the shadow exchange rate variable (E, corporate market index (IS), food price index (PF) and the dependent variable in this study is the Tobin variable, based on the results of econometric tests. Using Eviews and Microfit software, Johansen-Josilius and ARDL co-integration tests, the results show that in the long run, payment credits (CR) have a positive and significant effect on investment incentives in Iran's agricultural sector. In the long run, the stock market index of companies (SI) has a positive and significant effect on investment motivation in Iran's agricultural sector.In other trade variables, the analysis results show that in the long run, the independent variable Y (currency) affects the dependent variable Q Tobin in The level of 10% is not statistically significant (Prob. <0.1) .And as can be seen, interest rates (R) in the long run have a negative effect on the dependent variable Q Tobin and the variables of food price index (PF) and agricultural exports ( EX) have a positive effect on the dependent variable Q Tobin د. Also, in the short run, the results of data analysis show that in the long run, payment credits (CR) have a positive and significant effect on investment motivation in Iran's agricultural.

Keywords

Political Sociology of Iran
Volume 5, Issue 6
August 2022
Pages 267-285

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