https://hdl.handle.net/20.500.12809/230 2026-04-16T23:25:28Z https://hdl.handle.net/20.500.12809/11017 Reconsidering agricultural credits and agricultural production nexus from a global perspective Özdemir, Dicle Access to credit has been a key component in protecting a country's agriculture sector against uncertainties and climate-related shocks. Agricultural credits may also increase both agribusiness sectors' and farming-related commercial activities' exposure to world markets. This study aims to investigate agricultural credits' short-run and long-run effects on agricultural production using control variables such as foreign direct investments, inflation rate, and government expenditures. We found that credits to agriculture affect value-added agriculture positively in the long-run; specifically, when agricultural credits increase by 1%, value-added agriculture will increase by 0.19%; that is, an increase in credits to the agricultural sector leads to a significant increase in value-added agriculture, while FDI and government size both reduce agricultural value-added across countries. The findings of the pairwise causation test show that bidirectional causal links exist among almost all variables, validating feedback among agricultural value-added, credit to agriculture, FDI, government expenditures, and inflation. This study investigates the impact of agricultural credits on agricultural production, considering factors like foreign direct investments, inflation rate, and government expenditures. The findings reveal a positive long-term relationship, indicating that a 1% increase in agricultural credits leads to a 0.19% increase in value-added agriculture, highlighting the significant role of credit in boosting agricultural productivity. However, foreign direct investment and government size were found to have adverse effects on agricultural value-added, with bidirectional causal links among several variables, demonstrating complex interactions within the agricultural sector. 2023-01-01T00:00:00Z https://hdl.handle.net/20.500.12809/10999 Modelling the impact of climate change and advanced agricultural technologies on grain output: Recent evidence from China Chandio, Abbas Ali; Özdemir, Dicle; Jiang, Yuansheng The adverse effect of rising temperatures on grain output is gradually spreading across China. On the other hand, technical developments have resulted in substantial changes in the agricultural production system over time. Hence, we assess the effect of temperature on grain yields in addition to the potential effect of some technological factors using a panel dataset spanning the period 1996 to 2020 for selected prominent grain-producing provinces in China: Anhui, Hebei, Heilongjiang, Henan, Hubei, Hunan, Jiangsu, Jiangxi, Jilin, Neimenggu, Shandong, Sichuan, and Liaoning. We apply a novel Method of Moments Quantile Regression (MM-QR) and second–generation estimation techniques, which generate consistent and robust results in the presence of cross–sectional dependency (CSD). The empirical findings from the MM-QR estimator reveal that climate change (via temperature) significantly decreases the grain yields in overall quantiles and the higher negative impact was observed in the 75th and 95th quantiles, while technical factors, irrigated area, and financial support play a substantial role in improving the grain yields in China. In addition, the findings from the D–H panel causality method show the various flows of causal links between the selected variables, considering the grain–producing regions of China: grain yields → temperature, pesticide usage → grain yields, and financial support → grain yields. A bidirectional causality association is observed to exist between fertilizer usage ↔ grain yields, pesticide usage ↔ grain yields, and irrigated area ↔ grain yields. To ensure food security, China's prominent grain–growing regions should strengthen their technological innovation efforts and invest in research and development to produce new varieties that can withstand heat and drought stress and produce better grain yields. 2023-01-01T00:00:00Z https://hdl.handle.net/20.500.12809/10900 Financialization Hypothesis: A Theoretical and Empirical Critique Subaşat, Turan; Mavroudeas, Stavros The financialization hypothesis (FH) is a popular leitmotiv which argues that the financial system conquers the commanding heights of the capitalist economy. It maintains that finance gained independence from productive-capital and began to dominate it. The FH bases this argument on several empirical claims concerning the size and the strategic role of financial entities. This article offers a critique of crucial analytical and empirical claims of the FH. It argues that the FH overrates the importance of novel financial instruments, misunderstands their function and, thus, fails to situate the role of finance in the capitalist system. Especially, it erroneously divorces finance from and superimposes it on productive-capital. Moreover, this article argues that crucial empirical claims of the FH do not stand up to scrutiny. 2023-01-01T00:00:00Z https://hdl.handle.net/20.500.12809/10738 Farmers’ perspectives on challenges and opportunities of agrivoltaics in Turkiye: An institutional perspective Şentürk, Bilge; Ağır, Seven; Derin-Güre, Pınar Agrivoltaics is a technology aiming to combine renewable energy generation and agricultural production and, as such, has great potential to address land use conflicts. Understanding how farmers perceive the opportunities and barriers to Agrivoltaics implementation is fundamental for stakeholder participation and social acceptance. However, the research on social acceptance of Agrivoltaics technologies has primarily focused on the United States and Europe. These studies have shown that identifying factors underlying stakeholders' perceptions and the surrounding legal framework at an early stage is important for the successful and socially responsible adoption of the technology. In this first study on Turkish farmers' perspectives on Agrivoltaics, we use in-depth semi-structured interviews to explore pioneer farmers' perceptions of the opportunities and challenges in Agrivoltaics. This is also the first study investigating farmers' perspectives with an explicit focus on how they relate to the institutional setting of agricultural land use policy, which we explore by extensive desk research and interviews with the agricultural bureaucracy. The pioneer farmers exhibit an overall positive attitude towards Agrivoltaics by identifying and valuing the synergistic potential of Agrivoltaics systems. In particular, they are perceptive about how they may use Agrivoltaics to solve local problems, including those exacerbated by input dependency and climate change, beyond an abstract opportunity dimension. Despite this solid motivational drive for Agrivoltaics, however, pioneer farmers' concerns about potential bureaucratic hassle as well as shortcomings in the current legislation indicate a weak institutional setting undermining viability of Agrivoltaics implementation. Agricultural bureaucracy's distrust of potential investors and users seem to reflect a serious concern for ‘pseudo-agriculture,’ caused by both low procedural capacity and lack of institutional coordination (among regulatory institutions in Energy and Agriculture). This mistrust, in return, explains farmers' negative experiences, such as red tape in receiving licenses and permits for non-dual renewable energy applications (for agricultural purposes) under current legislative framework, contributing also to their doubts about sustained government support for future dual-use applications. Understanding this institutional setting can support policy makers' decisions on how to align renewable energy investments with agricultural need and purposes. 2023-01-01T00:00:00Z