Impacts of Agricultural Exports and CO2 Emissions on Economic Growth: New Evidence from High Income Countries

El Weriemmi, Malek and Bakari, Sayef (2024): Impacts of Agricultural Exports and CO2 Emissions on Economic Growth: New Evidence from High Income Countries.

Abstract

This study examines the impact of agricultural exports and CO2 emissions on economic growth in 78 high-income countries from 2004 to 2023. Using a robust econometric framework that includes fixed-effects and random-effects models, the research finds that agricultural exports positively influence economic growth by generating revenue and enhancing competitiveness, while CO2 emissions negatively affect growth due to the associated environmental costs. The analysis, supported by the Hausman test and panel data techniques, highlights the need for balanced policy interventions that promote agricultural export growth while mitigating CO2 emissions. This study provides valuable insights for policymakers seeking to achieve sustainable economic development by integrating environmental considerations into economic strategies.

• Item Type: MPRA Paper
• Language: English
• Keywords: Agricultural Exports, CO2 Emissions, Economic Growth, Static Gravity Model, High-Income-Countries.
• Subjects: F - International Economics > F1 - Trade > F11 - Neoclassical Models of Trade; F - International Economics > F1 - Trade > F14 - Empirical Studies of Trade; 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; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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