The variation in rainfall amount is found to be more forceful in poorer or agriculture-dependent countries and seems to be less effective for industrial economies. As Turkey is a newly industrialised country with a growing service economy, it is categorized as an emerging economy in the world. However, agricultural industry still plays a significant role in the economy especially in terms of the level of employment. The aim of the study is to examine the impact of rainfall on economy through economic outcomes of drought on agricultural industry. There seems to be a positive correlation between rainfall and agricultural industry in over the investigated period. As the growth in agricultural industry is highly correlated, similarly rainfall and overall economic growth appear to be coinciding and moving together. When there is drought in the country, economic crises follow this pattern. Besides rainfall, another variable, temperature, is allowed to identify whether it has any effect on the growth. Contrary to rain, temperature has no influence on agricultural output. The descriptive figures note that while agricultural industry involves a small share of the whole economy, the results of the study imply rainfall amount in Turkey has more impacts on economic growth than thought.
Primary Language | English |
---|---|
Subjects | Environment and Culture, Economics |
Journal Section | Research Articles |
Authors | |
Publication Date | September 30, 2020 |
Submission Date | February 24, 2020 |
Published in Issue | Year 2020 |