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Gross value added of agriculture sector in Bangladesh: an econometric investigation / Mehdi Rajeb, Mina Mahbub Hossain and Liton Chakraborty

In this paper we investigate how different factors, namely, land utilization, irrigated area, consumption of pesticide, area under forest, consumption of fertilizers and improved seeds affecting the Gross Value Added of agriculture sector in Bangladesh. The relationship between the concerned variabl...

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Main Authors: Rajeb, Mehdi, Hossain, Mina Mahbub, Chakraborty, Liton
Format: Article
Language:English
Published: 2012
Subjects:
S Agriculture (General)
Agricultural conservation
Fertilizers and improvement of the soil
Seeds. Seed technology
Seed quality
Landscape architecture
Online Access:https://ir.uitm.edu.my/id/eprint/59625/1/59625.pdf
https://ir.uitm.edu.my/id/eprint/59625/
http://myjms.mohe.gov.my/index.php/tifej
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spelling my.uitm.ir.596252022-05-16T15:41:15Z https://ir.uitm.edu.my/id/eprint/59625/ Gross value added of agriculture sector in Bangladesh: an econometric investigation / Mehdi Rajeb, Mina Mahbub Hossain and Liton Chakraborty Rajeb, Mehdi Hossain, Mina Mahbub Chakraborty, Liton S Agriculture (General) Agricultural conservation Fertilizers and improvement of the soil Seeds. Seed technology Seed quality Landscape architecture In this paper we investigate how different factors, namely, land utilization, irrigated area, consumption of pesticide, area under forest, consumption of fertilizers and improved seeds affecting the Gross Value Added of agriculture sector in Bangladesh. The relationship between the concerned variables and their overall impact on the Gross Value Added of agriculture sector in Bangladesh have been examined through econometric modeling followed by various statistical measures like multivariate regression analysis, residual analysis, autocorrelation test, multicollinearity test and testing for the linearity of the regression. The results of this study suggest that all of the independent variables under consideration significantly influence the dependent variable. It is evident that the 89.60% variation in the dependent variable can be explained by the variation in the independent variables. All the properties of residual analysis (zero mean and constant variance) have been satisfied in this study and the results of both Run test and Durbin-Watson test show that residuals are uncorrelated. Finally, our regression model has been found to be approximately straight line whereas the results of Farrar-Glauber test indicate that multicollinearity exists in the model and all of the independent variables are found to be collinear. However, this could be removed with the help of Principal Component Analysis and other advanced techniques in further studies. The findings of this paper have important implications in identifying the factors which can accelerate growth in the agriculture sector of Bangladesh economy. 2012 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/59625/1/59625.pdf (2012) Gross value added of agriculture sector in Bangladesh: an econometric investigation / Mehdi Rajeb, Mina Mahbub Hossain and Liton Chakraborty. Terengganu International Finance and Economics Journal (TIFEJ), 2 (1). pp. 56-66. ISSN 2232-0539 http://myjms.mohe.gov.my/index.php/tifej
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic S Agriculture (General)
Agricultural conservation
Fertilizers and improvement of the soil
Seeds. Seed technology
Seed quality
Landscape architecture
spellingShingle S Agriculture (General)
Agricultural conservation
Fertilizers and improvement of the soil
Seeds. Seed technology
Seed quality
Landscape architecture
Rajeb, Mehdi
Hossain, Mina Mahbub
Chakraborty, Liton
Gross value added of agriculture sector in Bangladesh: an econometric investigation / Mehdi Rajeb, Mina Mahbub Hossain and Liton Chakraborty
description In this paper we investigate how different factors, namely, land utilization, irrigated area, consumption of pesticide, area under forest, consumption of fertilizers and improved seeds affecting the Gross Value Added of agriculture sector in Bangladesh. The relationship between the concerned variables and their overall impact on the Gross Value Added of agriculture sector in Bangladesh have been examined through econometric modeling followed by various statistical measures like multivariate regression analysis, residual analysis, autocorrelation test, multicollinearity test and testing for the linearity of the regression. The results of this study suggest that all of the independent variables under consideration significantly influence the dependent variable. It is evident that the 89.60% variation in the dependent variable can be explained by the variation in the independent variables. All the properties of residual analysis (zero mean and constant variance) have been satisfied in this study and the results of both Run test and Durbin-Watson test show that residuals are uncorrelated. Finally, our regression model has been found to be approximately straight line whereas the results of Farrar-Glauber test indicate that multicollinearity exists in the model and all of the independent variables are found to be collinear. However, this could be removed with the help of Principal Component Analysis and other advanced techniques in further studies. The findings of this paper have important implications in identifying the factors which can accelerate growth in the agriculture sector of Bangladesh economy.
format Article
author Rajeb, Mehdi
Hossain, Mina Mahbub
Chakraborty, Liton
author_facet Rajeb, Mehdi
Hossain, Mina Mahbub
Chakraborty, Liton
author_sort Rajeb, Mehdi
title Gross value added of agriculture sector in Bangladesh: an econometric investigation / Mehdi Rajeb, Mina Mahbub Hossain and Liton Chakraborty
title_short Gross value added of agriculture sector in Bangladesh: an econometric investigation / Mehdi Rajeb, Mina Mahbub Hossain and Liton Chakraborty
title_full Gross value added of agriculture sector in Bangladesh: an econometric investigation / Mehdi Rajeb, Mina Mahbub Hossain and Liton Chakraborty
title_fullStr Gross value added of agriculture sector in Bangladesh: an econometric investigation / Mehdi Rajeb, Mina Mahbub Hossain and Liton Chakraborty
title_full_unstemmed Gross value added of agriculture sector in Bangladesh: an econometric investigation / Mehdi Rajeb, Mina Mahbub Hossain and Liton Chakraborty
title_sort gross value added of agriculture sector in bangladesh: an econometric investigation / mehdi rajeb, mina mahbub hossain and liton chakraborty
publishDate 2012
url https://ir.uitm.edu.my/id/eprint/59625/1/59625.pdf
https://ir.uitm.edu.my/id/eprint/59625/
http://myjms.mohe.gov.my/index.php/tifej
_version_ 1734303023615705088
score 13.211869

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