How do diesel price fluctuations affect economic convergence over agriculture sector among OECD countries?

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dc.authorid0000-0003-4763-9314en_US
dc.contributor.authorAktaş, Erkan
dc.contributor.authorDeğirmen, Süleyman
dc.contributor.authorSofracı, İhsan Erdem
dc.contributor.authorSongur, Mehmet
dc.date.accessioned2022-10-18T13:03:34Z
dc.date.available2022-10-18T13:03:34Z
dc.date.issued2020en_US
dc.departmentDicle Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.description.abstractEnergy/oil trade has formed large part of the World trade since its usage has been increased in time and became an important factor of production in the World via an important input in agricultural sector along with usage of intensive mechanization in it. Therefore, fluctuations in diesel prices in the World have influenced the cost of production up and down. In oil importing developed and developing countries, another reason of the fluctuations in diesel prices following up increases in world oil price has been induced by higher tax on oil levied by incumbent governments. On the one side, higher tax on oil increases tax income for government; however, this high tax rate negatively can affect agricultural sector in terms of agricultural products’ export and import rate, added value, prices of these products etc. In regard of our case in the paper, levied tax rate creates different diesel prices in the member countries of the OECD. The aim of this study initially is to test the relationship between diesel prices and agricultural productivity and then, to search for another chain relationship between the productivity and economic growth rate in developed and developing countries in the OECD. In short, we propose a study which analysis how diesel price fluctuations can affect economic convergence across OECD countries in terms of agricultural productivity in a multifaceted sense. For this reason, we assemble data for a panel of OECD countries for 19982009 to test the variables such as diesel prices, tax rates on diesel, quantity indices of agricultural products’ export and import, agricultural good prices, and economic growth rates. It is important to determine how agricultural policy convergences have affected macroeconomic convergences with the sample covering before and after the crises period (from the early 1990s to 2008). We use the World Bank, Eurostat, and FAO databases from different sources. However, by any account, conventional economic wisdom suggests that growth and increasing integration in the body of OECD leads to some sort of economic convergence. This convergence should occur in terms of percapita output and other important macroeconomic variables, at least in the conditional sense of Barro and Sala-i-Martin (1992, 1995), i. e. controlling for heterogeneity across countries. We conclude that tax levy on diesel oil has affected agricultural products export and import ratios of some countries in the OECD. Hence, this study carries out an important role for policy guidance for future.en_US
dc.identifier.citationAktaş, E., Değirmen, S., Sofracı, İ., E. & Songur, M. (2020). How do diesel price fluctuations affect economic convergence over agriculture sector among OECD countries?. Bulletin of Economic Theory and Analysis, 5(2), 115-131en_US
dc.identifier.endpage130en_US
dc.identifier.issn2548-0707
dc.identifier.issue2en_US
dc.identifier.startpage115en_US
dc.identifier.urihttps://dergipark.org.tr/en/pub/beta/issue/59370/651950
dc.identifier.urihttps://hdl.handle.net/11468/10659
dc.identifier.volume5en_US
dc.institutionauthorSongur, Mehmet
dc.language.isoenen_US
dc.publisherMehmet Songuren_US
dc.relation.ispartofBulletin of Economic Theory and Analysis
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectDiesel price fluctuationsen_US
dc.subjectEconomic convergenceen_US
dc.subjectSector of agricultureen_US
dc.subjectOECDen_US
dc.titleHow do diesel price fluctuations affect economic convergence over agriculture sector among OECD countries?en_US
dc.titleHow do diesel price fluctuations affect economic convergence over agriculture sector among OECD countries?
dc.typeArticleen_US

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