Abstract
This paper aims to examine the relationship between financial market development and agricultural sector in Iran. The study attempts to answer these questions empirically and try to shed some light on the roles of financial development as well as other conditional variables in agricultural sector. The results of this study shows that the financial market in agricultural sector, however there is some weakness still. The authors come to conclusion that for improving this vital sector in Iran the weakness should be removed or at least reduced as early as possible.
Highlights
Review of literatureThe government adopted an economic model combining the objectives of food self sufficiency with those of liberalization and private sector promotion
B.S M.S Less than 30 Above 51Salary in US $100-200 201-300 301-400 Above 500Hypotheses Frequency Mean H1 H2 H3 H4
The agricultural sector accounts for one fifth of GDP, and employs one third of the labour force
Summary
The government adopted an economic model combining the objectives of food self sufficiency with those of liberalization and private sector promotion. Economic liberalization was pushed forth in the context of a national structural adjustment program which included correcting price distortions, floating the foreign exchange rate and promoting the private sector. During this period, Iran's agriculture expanded at strong growth rates, and the Plan's ambitious quantitative objectives were achieved to a large extent. Yazdani (2008) in the study the long-run relationships among financial development, growth and other key growth factors empirically examined in Iran’s agricultural sector. He the causality between financial development and GDP growth was evaluated. He found that financial development, capital stock, international trade and real interest have significantly impact on agricultural growth
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