Investigating the Effect of Agricultural Crops on Agricultural GDP in Bangladesh

Abstract

The main purpose of this study is to investigate the relationship between boro price, aman price, wheat price, potato price and GDP per capita income and then this study is to analyze the effects of per capita income and prices on the agricultural GDP. This study used Pearson correlation and the panel data fixed effect regression model from 2009 to 2021. The data was collected from the Bangladesh Bureau of Statistics. The results showed that the relation between GDP per capita income and the price of all products are positively correlated. Finally, the results disclosed production, price and GDP per capita income are significant at 1% level of significance as well as Boro price and wheat price is significant at 5% level of significance. But aman price and potato price are not significant at 5% level of significance. Therefore, GDP per capita income, production, price of boro rice and wheat price affected sufficiently on agricultural GDP.