Analysis of cotton production and price relationship by Koyck model: a case study for Azerbaijan

Gülistan Erdal; Aytan Zeynalova; Sait Engindeniz

Article Details

Analysis of cotton production and price relationship by Koyck model: a case study for Azerbaijan

Authors:

Gülistan Erdal | Aytan Zeynalova | Sait Engindeniz

Publisher:

Ege University

Main Topics:

Tarımsal Yönetimde Pazarlama | Tarım Politikaları

Journal:

Ege Üniversitesi Ziraat Fakültesi Dergisi Vol.60 Issue 4, pp.561-570

Document Type:

Article

Publication Date:

5/2024

Document Language:

English

Document ID (Org No.):

2001307222

pISSN:

1018-8851

Keywords:

Abstract:

 Objective: The objective of this study was to examine the production quantity-price relationship in cotton production in Azerbaijan with the data of the period 1995-2022. Materials and Methods: In this study, the data obtained from FAOSTAT and the State Statistics Committee of the Republic of Azerbaijan were analyzed. Koyck model was used to analyze the relationship between cotton production and price in Azerbaijan. Results: It was determined that the time required for the change in cotton prices to cause a significant and perceptible effect on cotton production is 2,86 years according to the average number of lags. A one-unit increase in cotton prices increases production by 2,524 tons, while a one-unit change in prices in the previous period increases cotton production by 1,870 tons. Conclusion: In order to sustain and increase cotton production in Azerbaijan and to create international competition opportunities, it is necessary to closely follow the developments in the production of this product and develop alternative strategies and policies.

 Objective: The objective of this study was to examine the production quantity-price relationship in cotton production in Azerbaijan with the data of the period 1995-2022. Materials and Methods: In this study, the data obtained from FAOSTAT and the State Statistics Committee of the Republic of Azerbaijan were analyzed. Koyck model was used to analyze the relationship between cotton production and price in Azerbaijan. Results: It was determined that the time required for the change in cotton prices to cause a significant and perceptible effect on cotton production is 2,86 years according to the average number of lags. A one-unit increase in cotton prices increases production by 2,524 tons, while a one-unit change in prices in the previous period increases cotton production by 1,870 tons. Conclusion: In order to sustain and increase cotton production in Azerbaijan and to create international competition opportunities, it is necessary to closely follow the developments in the production of this product and develop alternative strategies and policies.

 Objective: The objective of this study was to examine the production quantity-price relationship in cotton production in Azerbaijan with the data of the period 1995-2022. Materials and Methods: In this study, the data obtained from FAOSTAT and the State Statistics Committee of the Republic of Azerbaijan were analyzed. Koyck model was used to analyze the relationship between cotton production and price in Azerbaijan. Results: It was determined that the time required for the change in cotton prices to cause a significant and perceptible effect on cotton production is 2,86 years according to the average number of lags. A one-unit increase in cotton prices increases production by 2,524 tons, while a one-unit change in prices in the previous period increases cotton production by 1,870 tons. Conclusion: In order to sustain and increase cotton production in Azerbaijan and to create international competition opportunities, it is necessary to closely follow the developments in the production of this product and develop alternative strategies and policies.

 Amaç: Bu çalışmanın amacı, Azerbaycanda pamuk üretiminde üretim miktarı-fiyat ilişkisini 1995-2022 dönemi verileriyle incelemektir. Materyal ve Yöntem: Bu çalışmada FAOSTAT ve Azerbaycan Cumhuriyeti Devlet İstatistik Komitesinden elde edilen veriler analiz edilmiştir. Azerbaycanda pamuk üretimi ile fiyat arasındaki ilişkiyi analiz etmek için Koyck modeli kullanılmıştır. Araştırma Bulguları: Ortalama gecikme sayısına göre, pamuk fiyatlarındaki değişimin pamuk üretimi üzerinde anlamlı ve hissedilir bir etki yaratması için gereken sürenin 2,86 yıl olduğu tespit edilmiştir. Pamuk fiyatlarındaki bir birimlik artış üretimi 2,524 ton artırırken, önceki dönemde fiyatlardaki bir birimlik değişiklik pamuk üretimini 1,870 ton artırmaktadır. Sonuç: Azerbaycanda pamuk üretiminin sürdürülebilmesi, arttırılması ve uluslararası rekabet imkanlarının oluşturulabilmesi için bu ürünün üretimindeki gelişmelerin yakından takip edilmesi, alternatif strateji ve politikaların geliştirilmesi gerekmektedir.

Article Details

Analysis of cotton production and price relationship by Koyck model: a case study for Azerbaijan

Authors:

Gülistan Erdal | Aytan Zeynalova | Sait Engindeniz

Publisher:

Ege University

Main Topics:

Tarımsal Yönetimde Pazarlama | Tarım Politikaları

Journal:

Ege Üniversitesi Ziraat Fakültesi Dergisi Vol.60 Issue 4, pp.561-570

Document Type:

Article

Publication Date:

5/2024

Document Language:

English

Document ID (Org No.):

2001307222

pISSN:

1018-8851

Azerbaijan

Cotton

Cotton marketing

Cotton price

Koyck modelAzerbaycan

Pamuk

Pamuk pazarlaması

pamuk fiyatı

Koyck modeli

Issues

Article Details

Authors: Gülistan Erdal | Aytan Zeynalova | Sait Engindeniz

Publisher: Ege University

Main Topics: Tarımsal Yönetimde Pazarlama | Tarım Politikaları

Journal: Ege Üniversitesi Ziraat Fakültesi Dergisi Vol.60 Issue 4, pp.561-570

Document Type: Article

Publication Date: 5/2024

Document Language: English

Document ID (Org No.): 2001307222

pISSN: 1018-8851

Issues

Authors:

Gülistan Erdal | Aytan Zeynalova | Sait Engindeniz

Publisher:

Ege University

Main Topics:

Tarımsal Yönetimde Pazarlama | Tarım Politikaları

Journal:

Ege Üniversitesi Ziraat Fakültesi Dergisi Vol.60 Issue 4, pp.561-570

Document Type:

Article

Publication Date:

5/2024

Document Language:

English

Document ID (Org No.):

2001307222

pISSN:

1018-8851