Research Article

Econometric Studies on Wheat Production and Wheat Market of Türkiye

Volume: 13 Number: 1 July 26, 2023
EN TR

Econometric Studies on Wheat Production and Wheat Market of Türkiye

Abstract

In our study, we make economic analysis of wheat production and of the amounts traded together with the prices in Türkiye in an advanced econometrics and statistical framework. For this purpose, we create a data set of more than one hundred and ten years period using TurkStat data sources and explain the time trend of wheat production with the growth function. In the market research section, the relationships between supply, demand and prices are discussed and the time equilibrium paths of prices and quantities are determined with forty-year data and cobweb theorems. We then investigate the central points of price and quantity. To this end, we use the simple cobweb theorem with a single delay and Goodwin's theory that includes two delays and expectations. After determination of trend functions, cyclical fluctuations around the trend are determined with complementary functions. All functions have been solved simultaneously in computer enviroment. The results obtained with wheat data confirm the economic patterns of production and the market. Then, according to the equations obtained in the Goodwin model, we create the cobweb curve by simulating quantities and prices. We used econometrics and statistics procedures of SAS library for study.

Keywords

Supporting Institution

Yoktur

References

  1. Allen, R. G. D. (1956). Mathematical Economics (2nd ed. 1959, reprinted 1960). Macmillan & Co Ltd.
  2. Gebremariam, B. (2014). Is Nonlinear Regression Throwing You a Curve? New Diagnostic and Inference Tools in the NLIN Procedure, (Paper SAS384-2014). https://support.sas.com/resources/papers/proceedings14/SAS384-2014.pdf
  3. Goodwin, R. M. (1947). Dynamical Coupling with Especial Reference to Markets Having Production Lags. Econometrica, 15(3), 181–204.
  4. Güran, T. (1997), Osmanlı Dönemi Tarım İstatistikleri 1909, 1913 ve 1914, (Ş. Pamuk, ed.), Ankara: Devlet İstatistik Enstitüsü.
  5. İskender, C. (2018), “Türkiye Nüfus Büyümesi ve Tahminleri: Matematiksel Büyüme Modelleri ve İstatistiksel Analiz ile Kuramsal ve Uygulamalı bir Yaklaşım,” Istanbul University Econometrics and Statistics e-Journal, 14, 75–141. https://doi.org/10.26650/ekoist.2018.14.28.0004.
  6. İskender, C. (2021a), “Mathematical Study of the Verhulst and Gompertz Growth Functions and Their Contemporary Applications,” Ekoist : Journal of Econometrics and Statistics.
  7. İskender, C. (2021b), “Econometric Analysis of Population Increase and Population Projections in Turkey,” Journal of Statistical Research, 11, 30–55. Keynes, J. M. (1936). The General Theory of Employment Interest and Money (1973 ed.). The Royal Economic Society.
  8. Polat, K. (2020), Durum ve Tahmin Buğday 2020, Ankara: T. C. Tarım ve Orman Bakanlığı TEPGE.

Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Authors

Publication Date

July 26, 2023

Submission Date

August 24, 2022

Acceptance Date

November 1, 2022

Published in Issue

Year 2023 Volume: 13 Number: 1

APA
İskender, C. (2023). Econometric Studies on Wheat Production and Wheat Market of Türkiye. İstatistik Araştırma Dergisi, 13(1), 1-33. https://izlik.org/JA29XH64XH
AMA
1.İskender C. Econometric Studies on Wheat Production and Wheat Market of Türkiye. JSRTR. 2023;13(1):1-33. https://izlik.org/JA29XH64XH
Chicago
İskender, Cemil. 2023. “Econometric Studies on Wheat Production and Wheat Market of Türkiye”. İstatistik Araştırma Dergisi 13 (1): 1-33. https://izlik.org/JA29XH64XH.
EndNote
İskender C (July 1, 2023) Econometric Studies on Wheat Production and Wheat Market of Türkiye. İstatistik Araştırma Dergisi 13 1 1–33.
IEEE
[1]C. İskender, “Econometric Studies on Wheat Production and Wheat Market of Türkiye”, JSRTR, vol. 13, no. 1, pp. 1–33, July 2023, [Online]. Available: https://izlik.org/JA29XH64XH
ISNAD
İskender, Cemil. “Econometric Studies on Wheat Production and Wheat Market of Türkiye”. İstatistik Araştırma Dergisi 13/1 (July 1, 2023): 1-33. https://izlik.org/JA29XH64XH.
JAMA
1.İskender C. Econometric Studies on Wheat Production and Wheat Market of Türkiye. JSRTR. 2023;13:1–33.
MLA
İskender, Cemil. “Econometric Studies on Wheat Production and Wheat Market of Türkiye”. İstatistik Araştırma Dergisi, vol. 13, no. 1, July 2023, pp. 1-33, https://izlik.org/JA29XH64XH.
Vancouver
1.Cemil İskender. Econometric Studies on Wheat Production and Wheat Market of Türkiye. JSRTR [Internet]. 2023 Jul. 1;13(1):1-33. Available from: https://izlik.org/JA29XH64XH