An Economic Study to Measure the Impact of Some Spending Policies on Agricultural Capital Accumulation for the Period (1990-2023)

Abstract

The spending allocated to the agricultural sector in the general budget is one of the important financial policy tools responsible for developing this important sector. In light of this, this study aimed to identify the extent of development and impact of some spending policies affecting the accumulation of agricultural capital during the study period. The regression equation was used to estimate the relationship between the variables and the (Eviwes 12) program was used to analyze the data. The results showed a positive significant effect of agricultural GDP, trade openness and inflation on the accumulation of agricultural capital. It also showed a negative significant effect of the agricultural labor force and interest rates on the accumulation of capital. This study recommended the necessity of activating the agricultural sector, introducing modern technologies, using advanced machines and equipment, moving away from traditional methods in production processes, rationalizing spending operations for fear of waste and increasing spending directed to the agricultural sector as it is one of the important sectors related to the lives and livelihoods of citizens.