scholarly journals Is agriculture an engine of economic reconstruction and development in the case of the Republic of Burundi?

2021 ◽  
Vol 905 (1) ◽  
pp. 012071
Author(s):  
J B Aboyitungiye ◽  
D Prasetyani
Keyword(s):  
Economic Growth ◽  
Agricultural Development ◽  
Agricultural Sector ◽  
Arable Land ◽  
Value Added ◽  
World Population ◽  
Long Run ◽  
Ardl Approach ◽  
The Republic

Abstract Despite its importance for the economy, the agricultural sector faces many constraints that hamper its growth. With the increase in the world population and the demand for food production, farmers need to produce more with less arable land. This study used the ARDL approach to model the long-term and short-term dynamics and proposed examining the agricultural sector’s contribution to Burundi’s economic growth. Econometric estimations revealed that the gross domestic product per capita, agricultural, and exports (value-added) have long-run relationships but at different levels. The study, therefore, revealed that inflation persists in the short and long term. The consumer price of agricultural products reduces the country’s economic growth. Major adjustments in agricultural, environmental, and macroeconomic policy at national levels will have to be made to create the conditions for sustainable agricultural development.

scholarly journals Opportunities and conditions of sustainable development of the agricultural industry of the Republic of Kazakhstan

2020 ◽  
pp. 78-83
Author(s):  
R. N. Zhangirova
Keyword(s):  
Sustainable Development ◽  
Agricultural Production ◽  
Agricultural Development ◽  
Agricultural Sector ◽  
Arable Land ◽  
Crop Productivity ◽  
Index Method ◽  
Important Place ◽  
The Republic

The article shows aspects of sustainable agricultural development. It summarized modern views on the sustainable development of the agricultural sector. The problems of the agricultural sector of the republic are identified, the solution of which will contribute to the successful development of agricultural production. The necessity of increasing the efficiency of resource use is substantiated. An important place in the article is given to the role of state support for the agricultural sector. A comparative analysis of the yield of field cultivation from 1 ha of arable land and crops in the Republic of Kazakhstan is carried out. Using the index method, the influence of the structure of crops and crop productivity is calculated. According to statistical data, the current state of the agricultural sector of Kazakhstan is revealed. The reasons for low labor productivity in the agricultural sector of the republic are indicated. The role of science in the qualitative renewal of the country's agricultural sector is emphasized. Promising ways to stimulate the growth rate of agricultural production are proposed. The main directions of sustainable development of the agricultural sector of the Republic of Kazakhstan are determined. It is proved that organic agriculture can act as a point of sustainable agricultural growth.

scholarly journals Crop Production, Livestock Production and Economic Growth in Botswana (1990-2017): An Application of ARDL Model

2021 ◽  
Vol 9 (8) ◽  
pp. 1500-1508
Author(s):  
Mufaro Andrew Matandare ◽  
Patricia Masego Makepe ◽  
Lekgatlhamang Setlhare ◽  
Jonah Bajaki Tlhalefang
Keyword(s):  
Economic Growth ◽  
Crop Production ◽  
Agricultural Sector ◽  
Livestock Production ◽  
Long Term Effects ◽  
Bounds Testing ◽  
Long Run ◽  
Short Run ◽  
Testing Approach

There are few studies in Botswana which have examined the relationship between agriculture and economic growth. The uniqueness of this study is grounded in investigating disintegrated agriculture components into crop production and livestock production and investigating their nexus with economic growth. This study estimated the short and long term effects between crop production, livestock production and economic growth in Botswana for the period 1990 to 2017. The Auto-Regressive Distributed Lagged (ARDL) bounds testing approach was employed to investigate the stated relationship. Study findings from the ARDL bound testing approach confirm evidence of a long-run equilibrium relationship between crop production, livestock production and economic growth. Results indicated that livestock production has a positive and significant impact on economic growth both in the short run and long run. On the other hand crop production has a positive and significant impact on economic growth only in the long run. Efforts towards supporting agricultural sector growth should be emphasized to promote agricultural sector productivity in a bid to forge a move away from dependence on imports of food in Botswana. To enhance economic growth, in both the short run and long run, the government of Botswana and all relevant stakeholders should invest in and promote livestock production. In the long term, policies that foster crop production are essential for economic growth.

scholarly journals Poverty and Agriculture in Southern Africa Revisited: A Panel Causality Perspective

SAGE Open ◽  
2019 ◽  
Vol 9 (1) ◽  
pp. 215824401982885 ◽  
Author(s):  
Festus Victor Bekun ◽  
Seyi Saint Akadiri
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Southern Africa ◽  
Poverty Alleviation ◽  
Poverty Reduction ◽  
Agricultural Development ◽  
Value Added ◽  
Panel Causality ◽  
Long Run ◽  
Short Run

Agricultural advancement is considered a panacea for poverty reduction, particularly, in developing countries. This study empirically investigates the dynamic linkage between agricultural value added (AVA) and poverty reduction for a panel of nine countries in Southern Africa using a second-generation panel approach for the period 1990 to 2015. Empirical results show that agricultural development is necessary but not a sufficient policy to combat poverty as it is only viable in the short run. Thus, we suggest long-run economic programs and/or strategies that will complement agricultural development toward poverty alleviation to spur economic growth in the sampled region.

scholarly journals Fish Exports and the Growth of the Agricultural Sector: The Case of South and Southeast Asian Countries

2021 ◽  
Vol 13 (20) ◽  
pp. 11177
Author(s):  
Md Ali Emam ◽  
Markus Leibrecht ◽  
Tinggui Chen
Keyword(s):  
Agricultural Development ◽  
Agricultural Sector ◽  
Positive Impact ◽  
Value Added ◽  
Southeast Asian ◽  
Supporting Evidence ◽  
Asian Countries ◽  
Middle Income ◽  
Long Run ◽  
Southeast Asian Countries

The per-capita demand of fish and fish products, and paired to it, their production and trade, have substantially increased during the last few decades. For many developing countries these developments open a channel for sustainable economic progress. Against this background, this article investigates whether fish exports Granger-cause long-run economic growth of the agricultural sector (“fish export-led growth”) in a panel of eight South and Southeast Asian countries. A dynamic panel autoregressive distributed lag (ARDL) model is estimated based on data for the years 2000 to 2018. The results indicate that fish exports have a significant positive impact on the growth of the agricultural sector in the long run. These findings apply to both the lower- and the upper-middle-income countries included in the analysis. Long-run Granger causality tests within a panel vector error correction model indicate that agricultural value added per worker reacts to deviations from the long-run equilibrium, whereas fish exports per worker are weakly exogenous. Thus, the paper finds supporting evidence for fish export-led growth. The paper concludes with some thoughts about how this finding can help policymakers in their attempt to induce sustainable agricultural development to eradicate poverty and to enhance living standards.

scholarly journals Effects of Economic Growth on the Environment in the Congo: The Case of Air Pollution.

2020 ◽  
Vol 6 (12) ◽  
Author(s):  
Lauric Ngouembe ◽  
Eulalie Rose ABVOU NDOMBI ◽  
Jean Anaclet Mampassi ◽  
Julien Bokilo Lossayi
Keyword(s):  
Economic Growth ◽  
Air Pollution ◽  
Co2 Emissions ◽  
Republic Of Congo ◽  
Long Run ◽  
Integration Test ◽  
The Republic

The purpose of this study is to examine the effects of economic growth on the environment in the Republic of Congo. The analysis was based on the validity of the Kuznets environmental curve. For this purpose, the Johansen co-integration test (1988) and the VECM model were used over the period 1971-2014. The results of the study show that there is a long-term relationship between CO2 emissions and GDP. This last relationship suggests that in the long run, there is a Kuznets environmental curve in the Republic of Congo.

scholarly journals Agricultural Productions and Its Implications on Economic Growth in Ivory Coast: The Use of the Econometric Approach

2020 ◽  
Vol 7 (4) ◽  
pp. 126
Author(s):  
Kouakou Kouakou Paul-Alfred
Keyword(s):  
Economic Growth ◽  
Crop Production ◽  
Agricultural Sector ◽  
Value Added ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Negative Effect ◽  
Food Crop Production ◽  
Econometric Approach

The objective of this article is to assess the effect of the agricultural sector on the economic growth in Ivory Coast.The data used are those of the World Bank and cover the period from 1985 to 2015. The analysis of the data required the use of the AutoRegressive Distributed Lag (ARDL). It emerges from this study that there is a positive and significant relationship between manufacturing agriculture and economic growth in the short and long term. On the other hand, the food-crop production has a negative effect on GDP, even if it is significant. The variable of interest such as agricultural investment has a positive and significant effect on economic development, while cash crop production have a positive but not significant effect on long-term economic growth. Therefore, in view of these results, the State must promote the processing of agricultural products in order to create more value added.

PENGARUH INFRASTRUKTUR SECARA SPASIAL TERHADAP KONVERGENSI PERTUMBUHAN EKONOMI DI INDONESIA

INFO ARTHA ◽  
2017 ◽  
Vol 1 ◽  
pp. 17-28
Author(s):  
Anisa Fahmi
Keyword(s):  
Economic Growth ◽  
Regional Economics ◽  
Developed Countries ◽  
Road Infrastructure ◽  
Long Run ◽  
Catch Up ◽  
The Developed Countries ◽  
Positive Effect ◽  
Neoclassical Growth Theory

Motivated by inter-regional disparities condition that occurs persistently, this study examines the Indonesian economy in the long run in order to know whether it tends to converge or diverge. This convergence is based on the Solow Neoclassical growth theory assuming the existence of diminishing returns to capital so that when the developed countries reach steady state conditions, developing countries will continuously grow up to 'catch-up' with developed countries. Based on regional economics perspective, each region can not be treated as a stand-alone unit,therefore, this study also focuses on the influence of spatial dependency and infrastructure. Economical and political situations of a region will influence policy in that region which will also have an impact to the neighboring regions. The estimation results of spatial cross-regressive model using fixed effect method consistently confirmed that the Indonesian economy in the long term will likely converge with a speed of 8.08 percent per year. Other findings are road infrastructure has a positive effect on economic growth and investment and road infrastructure are spatially showed a positive effect on economic growth. In other words, the investment and infrastructure of a region does not only affect the economic growth of that region but also to the economy of the contiguous regions. 

Stock Market Development And Economic Growth in Nigeria

1998 ◽  
Vol 2 (1) ◽  
pp. 33-38 ◽  
Author(s):  
John C. Anyanwu
Keyword(s):  
Economic Growth ◽  
Risk Management ◽  
Stock Market ◽  
Conceptual Framework ◽  
Corporate Control ◽  
Market Development ◽  
Political Environment ◽  
Stock Market Development ◽  
Long Run

Is the stock market development important for economic growth in Nigeria? One line of research argues that it is not; another line stresses the importance of stock market development in allocating capital, acquisition of information about firms, easing risk management, mobilization of savings, and exerting corporate control. Indeed, some theories provide a conceptual framework for the belief that larger, more efficient stock markets boost economic growth. This article examines whether there is a strong empirical association between Nigerian stock market development and long-run economic growth. Our empirical results suggest that the Nigerian stock market development is positively and strongly associated with long-term economic growth. This implies that Nigerian policymakers should make concerted efforts at removing obstacles to stock market development while creating and sustaining an enabling macroeconomic and political environment for the market’s development.

Does Public Debt Service Expenditure Crowd-Out Economic Growth? Empirical Evidence from an African Developing Country

2019 ◽  
Vol 64 (3) ◽  
pp. 23-38
Author(s):  
Talknice Saungweme ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Time Series Data ◽  
Policy Formulation ◽  
Debt Service ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
The Impact

Abstract This paper contributes to the ongoing debate on the impact of public debt service on economic growth; and it provides an evidence-based approach to public policy formulation in Zimbabwe. The empirical analysis was performed by applying the autoregressive distributed lag (ARDL) technique to annual time-series data from 1970 to 2017. The study findings reveal that the impact of public debt service on economic growth in Zimbabwe is negative in the short run but positive in the long run. The results are suggestive of the existence of a crowding-out effect of public debt service in Zimbabwe in the short run and a crowding-in effect in the long run. In view of these findings, the government should consider fiscal and financial policies that promote a constant supply of long-term finance, long-term fixed investments, and extension of a government securities maturity structure so as to ensure sustainable short- and long-term public debt service expenditures. The study further recommends the strengthening of non-distortionary revenue mobilisation reforms to reduce market distortions and boost domestic investment.

scholarly journals FOREIGN INVESTMENTS AS DEVELOPMENT FACTOR FOR OVERCOMING ECONOMIC STAGNATION IN THE REPUBLIC OF MACEDONIA

2013 ◽  
Vol 6 (2) ◽  
Author(s):  
Nada Petrusheva ◽  
Aleksandar Nikolovski
Keyword(s):  
Economic Growth ◽  
Foreign Capital ◽  
Added Value ◽  
Living Standard ◽  
Foreign Direct Investments ◽  
Western Balkans ◽  
Republic Of Macedonia ◽  
Economic Stagnation ◽  
The Republic

Amongst economists there is a broad consensus that in order to overcome economic stagnation the economic growth model should be more directed towards increasing investments and export and less reliant on consumption. The stable commitment towards improving the business ambient, the implementation of structural reforms in the field of competitiveness, the export sector as well as investments in infrastructure and education are the fundamental prerequisites to be realized for the opening of perspectives in the overall social development of the countries in the Western Balkans, including the Republic of Macedonia. The dominant driving force of economic growth – investments (foreign and domestic) have not been sufficiently implemented so that structural economic problems such as the low GDP growth rate, unsatisfactory export, unfavourable industrial structure have been present during the entire periodsince the independence of the Republic of Macedonia. Unlike other countries in Middle and Eastern Europe such as Poland, the Czech Republic and Slovakia in which foreign capital was steered towards manufacturing higher added value products, in the Republic of Macedonia investment entered mainly the trade and the banking industry, and quite less in manufacturing.Lacking own significant capacities for considerable increase of the gross-investment rate, assets sources for investments must be found in foreign accumulation, particularly via foreign direct investments so as not to increase the degree indebting the country. The global economic and financial crisis which spread over Europe in the last years has motivated the countries in the Western Balkans, including the Republic of Macedonia, to engage into a more active and more aggressive attraction of foreign capital. Foreign direct investments are considered the highest economic priority for long-term development, whereas the benefits to the national economy are multiple and influence the reduction of unemployment, increase of export, inflow of new technology, knowledge and skills, as well as improvement of the population’s living standard. However, despite the commitment, reforms and activities undertaken to attract FDI, the countries of the Western Balkans are facing remarks from investors for having an insufficiently reformed judicial system, bureaucratic issues, inefficient public administration and corruption. Therefore, it is essential to work continually on improving the macroeconomic environment and implement a long-term strategy to attract FDI through active policies.

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