The impact of some animal products on agricultural gross domestic product in Türkiye: A time series analysis

Abstract

The relationship between animal products and agricultural gross domestic product (AGDP) in Turkiye was investigated in this study. We used data of eight animal products (cow milk, sheep milk, beef, mutton, poultry meat, eggs, wool, and honey) from 1980 to 2020. After checking the stationarity of the series by the Augmented Dickey-Fuller (ADF) test, the Johansen cointegration test was used to establish the existence of a long-term relationship between animal products and AGDP, and the results were interpreted using The Fully Modified Ordinary Least Squares (FMOLS) analysis. According to the findings, honey, beef, poultry meat, mutton, eggs, and wool had a positive and significant relationship with AGDP in Turkiye, whereas sheep milk and cow milk and AGDP was not significant. The total effect of the examined animal products on AGDP was 0.61%. The results showed that wool was the most important contributor to AGDP among the products analyzed. Therefore, it is suggested that policymakers develop funding strategies to expand the production of these products.