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Iranian agriculture has been supported by cheap energy for decades. So the question of whether this policy had brought any real outcome in terms of sector growth and export is of high importance for policy making. This paper tries to empirically identify such relation by using time series...
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In this study we investigated the relation between energy consumption and growth of total factor productivity (TFP) of agriculture in Iran from 1974 to 2012 using Solow residual method. The results from estimated aggregate Cobb–Douglas production function showed that one percent change in the...
Persistent link: https://www.econbiz.de/10011863976
Energy has been heavily subsidized in Iranian economy for decades. Due to low oil prices, and, thus, budget limit, fossil fuel prices are under gradual liberalization. This will result in higher cost of production in all fuel consuming activities including agriculture. So it seems that farmers...
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