Export of agricultural products and economic growth in Madagascar
Keywords:
Agricultural export; coffee; cloves; economic growth, Madagascar; vanilla.
Abstract
This paper examines the impact of agriculture, especially coffee, vanilla, and clove exports on economic growth of Madagascar using time series secondary data covering 1990-2017. The study used Johansen co-integration and vector error correction model approach to estimate the long run and short run impact. The results showed that agricultural exports have short run mixed result on economic growth in Madagascar. Coffee and vanilla export has a positive effect on economic growth in the long run and in the short run. Though, clove export has also a positive long run effect on economic growth, it has a negative impact in the short run. These results will help the policy makers and investors in Madagascar for the decision making since results reveal increase export of agriculture can increase in GDP.
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References
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[23] Forgha N. G., and Aquilas N. A., (2015). The impact of timber exports on economic growth in Cameroon: an econometric investigation”. Asian Journal of Economic Modelling,3(3),46-60,DOI:10.18488/journal.8/2015.3.3/8.3.46.60
[2] Seraphin T., and Yinguo D., (2015). Impact of export on economic growth in Madagascar. International Journal of Economics, Commerce and Management United Kingdom, 3(7), 136-156.
[3] Jatuporn C., Chien L., Sukprasert P., and Thaipakdee S., (2011). Does a long-run relationship exist between agriculture and economic growth in Thailand? International Journal of Economics and Finance, 3(3), 227-233. doi:10.5539/ijef.v3n3p227
[4] Gokmenoglu K. K., Sehnaz Z., and Taspinar N., (2015). The export-led growth: a case study of Costa Rica. Procedia Economics and Finance, 25, 471 – 477. doi.org/10.1016/S2212-5671(15)00759-5
[5] Dorosh P., Haggblade S., Lungren C., Razafimanentena T., and Burton R. Z. Economic Motors for poverty reduction in Madagascar. Cornell Food and Nutrition Working Paper no. 144, May 2003.
[6] Henneberry S. R., and Khan M. E., (2000). An analysis of the linkage between agricultural exports and economic growth in Pakistan. Journal of International Food & Agribusiness Marketing, 10(4), 13–29. doi.org/10.1300/J047v10n04_02
[7] Gbaiye O. G., Ogundipe A., Osabuohien E., Olugbire O. O., Adeniran O. A., Bolaji-Olutunji K. A., Awodele O. D., and Aduradola O., (2013). Agricultural exports and economic growth in Nigeria (1980-2010). Journal of Economics and Sustainable Development, 4(16), 1-4.
[8] Ijirshar V. U., (2015). The empirical analysis of agricultural exports and economic growth in Nigeria. Journal of Development and Agricultural Economics, 7(3), 113-122.
[9] Simasiku C., and Sheefeni J.P.S., (2017). Agricultural exports and economic growth in Namibia. European Journal of Basic and Applied Sciences, 4(1), 41-50.
[10] Matandare M. A., (2017). Agriculture exports and economic growth in Zimbabwe. International Journal of Social Science and Economic Research, 02(12), 5503-5513.
[11] Canchari N. N. U., Rodriguez C. A. A., and Baral P., (2018). The impact of agricultural exports to china on economic growth of Peru: a short- and long-run analysis. Research in Applied Economics, 10(4), 1-16.
[12] Bakari S., and Mabrouki M. The effect of agricultural exports on economic growth in South-Eastern Europe: an empirical investigation using panel data. Department of Economics Sciences, LIEI, Faculty of Economic Sciences and Management of Tunis, University of Tunis El Manar,(Tunisia), MPRA Paper No. 83810, January 2018
[13] Gilbert N. A., Linyong S. G., and Divine G. M., (2013) Impact of agricultural export on economic growth in Cameroon: case of banana, coffee and cocoa. International Journal of Business and Management Review, 1(1), 44–71.
[14] Gutema T. Y., Lagat J. K., Daba D. and Mabeta J., (2015). Causality relationship between agricultural exports and economic growth in Ethiopia: a case of coffee, oilseed and pulses. Journal of Economics and Sustainable Development, 6(17), 1-6.
[15] Hafeez A., and Haq S. U., (2015). Impact of agricultural exports on the economic growth of pakistan: a case study of cotton and rice crops. International Journal of Research in Social Sciences and Humanities, 1, 22-37.
[16] Uremadu S. O., and Onyele K. O., (2016). The impact of selected agricultural exports on the growth of the domestic economy. Academia Journal of Agricultural Research, 4(5), 281-291. DOI: 10.15413/ajar.2016.0205
[17] Bakary S., The impact of vegetables exports oneconomic growth in Tunisia. LIEI, Faculty of Economic Sciences and Management of Tunis (FSEGT), University of Tunis El Manar, Tunisia. MPRA Paper No. 80722, August 2017.
[18] Bakary S., (2018). The impact of citrus exports on economic growth: empirical analysis from Tunisia. International Journal of Food and Agricultural Economics,6(1),95-112.Doi:10.22004/ag.econ.283764
[19] Siaw A., Jiang Y., Pickson R. B., and Dunya R., (2018). Agricultural exports and economic growth: a disaggregated analysis for Ghana. Theoretical EconomicsLetters,8,2251-2270.DOI:10.4236/tel.2018.811147
[20] Nora U. N., Alberto A. C., and Pradeep B., (2018). Impact of agricultural exports on economic growth of Peru: the case of avocado and grapes. RJOAS, 3(75), 3-11. DOI: 10.18551/rjoas.2018-03.01
[21] Dickey D., and Fuller W., (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(3), 427-431. DOI: 10.2307/2286348
[22] Johansen S., and Juselius K., (1990). Maximum likelihood estimation and inference on co-integration with application to the demand for money”. Oxford Bulletin of economic &statistics, vol. 52, pp. 169-210. Doi: 10.1111/j.1468-0084.1990.mp52002003.x
[23] Forgha N. G., and Aquilas N. A., (2015). The impact of timber exports on economic growth in Cameroon: an econometric investigation”. Asian Journal of Economic Modelling,3(3),46-60,DOI:10.18488/journal.8/2015.3.3/8.3.46.60
Published
2019-09-26
How to Cite
Etahisoa, . (2019). Export of agricultural products and economic growth in Madagascar. Journal of Research in Business, Economics and Management, 13(3), 2474-2479. Retrieved from http://www.scitecresearch.com/journals/index.php/jrbem/article/view/1781
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