Public Expenditure and Agricultural Production in Meghalaya, India: An Application of Bounds Testing Approach to Co-Integration and Error Correction Model - Juniper Publishers
Juniper Publishers- Open Access Journal of Environmental Sciences & Natural Resources Public Expenditure and Agricultural Production in Meghalaya, India: An Application of Bounds Testing Approach to Co-Integration and Error Correction Model Authored by Utpal Kumar De Abstract An attempt is made in this paper to examine the short and long run relationship between government expenditure on agriculture and its allied sector and agricultural output of Meghalaya. The study is based on a time series data of 30 years from 1984-85 to 2013-14. During this period, the state economy has experienced both upswing and downswing in its agricultural sector. Government expenditure in different sectors including agriculture and its allied activities, education, transport etc is expected to promote agricultural production. Here ARDL approach to co integration and an error correction representation of the ARDL model have been used due to certain advantages. The result of the Bounds test indicate...