The Impact of Agricultural Exports on Economic Growth: New Evidence from Low Income Countries

El Weriemmi, Malek and Bakari, Sayef (2024): The Impact of Agricultural Exports on Economic Growth: New Evidence from Low Income Countries.

Abstract

This study rigorously investigates the effect of agricultural exports on economic growth across 12 low-income countries—Burkina Faso, Burundi, Central African Republic, Ethiopia, Gambia, Madagascar, Mali, Niger, Rwanda, Sudan, Togo, and Uganda—during the period from 2004 to 2023. Employing an advanced gravity model with both fixed and random effects, the analysis aims to discern the nuanced impact of agricultural exports on economic growth. The model is designed to account for various control variables, including capital, labor, other exports, and imports, to ensure a precise measurement of the agricultural export variable's influence. By integrating these controls, the study seeks to provide a comprehensive understanding of how agricultural exports contribute to economic development in these countries, highlighting both direct and indirect effects within the broader economic context.

• Item Type: MPRA Paper
• Language: English
• Keywords: Agricultural Exports, Economic Growth, Static Gravity Model, Low-Income-Countries.
• Subjects: F - International Economics > F1 - Trade > F11 - Neoclassical Models of Trade; F - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations; F - International Economics > F1 - Trade > F14 - Empirical Studies of Trade; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q17 - Agriculture in International Trade; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q18 - Agricultural Policy ; Food Policy

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