The role of agricultural productivity in economic growth in middle-income countries: An empirical investigation
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Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Univ Islam Indonesia
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Purpose - This study investigates the role of agricultural productivity in economic growth in middle-income countries. Methods - This study utilizes the data of 53 middle-income countries over the period 1991-2017 and provides robust estimations using second-generation panel data methods considering crosssectional dependency. Findings - The estimation results of the Common Correlated Effects Mean Group (CCEMG), Dynamic-CCEMG, and biased-corrected form of Dynamic-CCEMG, suggest that agricultural productivity is the main engine of economic growth. Additional findings show that economic growth is positively associated with both physical capital and human capital. This paper does not find any significant relationship between trade openness and economic growth. Originality - This study focuses on analyzing the effect of agricultural productivity neglected mainly in recent studies on economic growth. This paper develops a second-generation estimator that considers cross-sectional dependence.
Açıklama
Anahtar Kelimeler
Economic growth, agricultural productivity, human capital, trade openness
Kaynak
Economic Journal of Emerging Markets
WoS Q DeÄŸeri
N/A
Scopus Q DeÄŸeri
Cilt
13
Sayı
1
