Fluctuations in Agricultural Production: A Comparative Study across Selected Countries
Keywords:
Instability, Agricultural Production, Fluctuation, Climate variabilityAbstract
Fluctuation in agriculture is a matter of concern in the recent year. The present study analyses the cross-country fluctuations in agricultural production and the factors affecting the fluctuation in agricultural production. The study aims at studying the fluctuations of crop production, fertiliser consumption, arable land, land under cereal production, and agricultural machinery at the global level. The present study used the Cuddy Della Valle Index and a multiple regression model to analyse the fluctuations in agricultural production across countries. The entire study is divided into four sub-periods: 1981–1990, 1991–2000, 2001–2010, and 2011–2020. Several fluctuations in crop production, fertiliser consumption, arable land, land under cereal production, and agricultural machinery were observed in the study over the period. Different levels of instability were observed over the period of time.
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