Fully Modified Least Squares Modeling Of Wheat Crop Production

Rajarathinam, A., Suba and S.S.

Journal of Statistical and Econometric Methods, 2023, vol. 12, issue 1, 4

Abstract: This paper investigates the dynamic relationships between area and production of the wheat crop during 1989-90 to 2020-2021 in different districts of Gujarat state, India. Pedroni cointegration test reveals the long-run equilibrium relationships between area and production of wheat, and the pairwise Granger causality test ensures cointegration relationships. Furthermore, the estimated long-run Panel Fully Modified Least Squares model was highly significant, which explains the 86 % of variations in wheat production. Furthermore, the long-term coefficient is positive and highly significant, indicating the existence of positive long-run equilibrium relationships between the study variables. JEL classification numbers: E18, HO, I1, J64, J88.

Keywords: Cross-sectional dependence test; Panel cointegration test; Fully Modified Least Squares; Granger causality test; Levin-Lin-Chu unit root test. (search for similar items in EconPapers)
Date: 2023
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