Agricultural Value Added in BRICS: A Panel Data Study
DOI:
https://doi.org/10.32479/ijeep.15808Keywords:
Agricultural Value-added, Carbon Dioxide Emission, Foreign Direct Investment, Panel Data, Fixed Effect, CointegrationAbstract
Sustainable agricultural development is essential for ensuring food security, economic growth and ecological balance, which is a challenging phenomenon to achieve. This phenomenon is studied in the case of BRICS, considering agricultural value added, economic growth, openness to trade, carbon dioxide emission and net foreign direct investment. Panel unit root test, Fixed and Random Effect Model, Panel Cointegration test and Panel Causality are studied. Results of the analysis indicate that in all the BRICS countries, agricultural value added is significant to economic growth, inward foreign direct investment is reduced with agricultural growth, and inward foreign direct investment causes trade openness.Downloads
Download data is not yet available.
Downloads
Published
2024-05-08
How to Cite
Chandrasekaran, S. J. (2024). Agricultural Value Added in BRICS: A Panel Data Study. International Journal of Energy Economics and Policy, 14(3), 171–178. https://doi.org/10.32479/ijeep.15808
Issue
Section
Articles