Page 6 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.80, # 1, 2023, pp. 4-20

When the agriculture sector grows, there is higher productivity (crops and livestock),
better quality and variety of products, and more employment opportunities. The
growth of agriculture determines the social welfare of rural people, their way of life,
the quality of the natural environment, and the economic development of rural
areas(Arif, 2019).

DATA
The data set consists of five inputs: Bankf, the volume of agricultural financing,
Agriland, the volume of exploited agricultural area, Agrimach, the volume of
developed agricultural machinery, Agriwork, the volume of agricultural labor, and
the rural level of agricultural growth .

The figure1 describe the statistical analysis of the input parameters with segmentation.
The results of the descriptive analysis depend on several input factors. Include
analytical parameters used to show relevant values and the sum of all data points for
each variable. The figure 2 shows the link diagram. In this scenario, no
multicollinearity issues would occur due to the microscopic differences. If there are
problems with a multicollinear relationship, then there is a strong influence of the
input coefficient between them, which ultimately affects the output results and may
provide accurate findings.
Figure 1. The distribution of the input and output parameters.

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