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Item

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ANALYSIS ON THE EFFECTS OF AGRICULTURAL PRODUCTION ON ECONOMIC GROWTH IN MYANMAR (1987-2021)

https://meral.edu.mm/records/9840
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d3c0c5e1-1ad6-4ee4-8f5f-098bc086b56d
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ZAR ZAR CHI WIN.pdf (834 KB)
Publication type
Thesis
Upload type
Publication
Title
Title ANALYSIS ON THE EFFECTS OF AGRICULTURAL PRODUCTION ON ECONOMIC GROWTH IN MYANMAR (1987-2021)
Language en
Publication date 2023-09-01
Authors
Zar Chi Win
Description
The aim of the study is to analyze the relationship between agricultural production and economic growth of Myanmar from the period of 1987 to 2021. The study uses time series data by using Augmented Dickey-Fuller (ADF) unit root test to determine whether the variables are stationary or not. Johansen cointegration test is used to test the cointegration relationship between the variables. In this study the variables are cointegrated and then Vector Error Correction Model (VECM) was used. VECM is applied to determine the relationship between GDP, agricultural production and inflation rate. According to VECM results, agricultural production and GDP have positively relationship and are significant in the country’s economy. When agricultural production increases, country’s peoples can receive more income and profits from which country’s GDP can also increase. GDP and inflation rate have negatively relationship. When the inflation rate rises, the purchasing power can decrease and lower income generated by producers. It causes the slower economic growth. In the short-run result, GDP has unidirectional causal relationship on agricultural production in the economy. GDP and agricultural production have unidirectional causal relationship on inflation rate in the short-run economy. Agricultural production is the most influential factor to economic growth because it is significant at 1% level. Myanmar agricultural sector has been facing many problems such as low technological improvements, lack of good quality agricultural inputs, low quality machinery, less knowledge about modern farming method, undeveloped rural financial market and insufficient agricultural loans and so on. The government should attempt to improve agricultural sector by solving the problems in agricultural sector, by giving other subsidies and by controlling reasonable inflation rate.
Thesis/dissertations
University of Co-operative and Management, Sagaing
Daw Zin Nwe Htwe
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