The role of agricultural productivity in economic growth in middle-income countries: An empirical investigation
| Main Authors: | Güzel, Arif Eser, Akin, Cemil Serhat |
|---|---|
| Format: | Article info quantitative approach application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Universitas Islam Indonesia
, 2021
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| Subjects: | |
| Online Access: |
https://jurnal.uii.ac.id/JEP/article/view/17247 https://jurnal.uii.ac.id/JEP/article/view/17247/11148 |
| ctrlnum |
article-17247 |
|---|---|
| fullrecord |
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<dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><title lang="en-US">The role of agricultural productivity in economic growth in middle-income countries: An empirical investigation</title><creator>Güzel, Arif Eser</creator><creator>Akin, Cemil Serhat</creator><subject lang="en-US">Economic growth</subject><subject lang="en-US">agricultural productivity</subject><subject lang="en-US">human capital</subject><subject lang="en-US">trade openness</subject><subject lang="en-US">C23</subject><subject lang="en-US">O11</subject><subject lang="en-US">Q10</subject><description lang="en-US">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 cross-sectional 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.Implications - This study reveals that the industrialization process in middle-income countries to boost economic growth can be accelerated by implementing policies to increase productivity in the agricultural sector.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.</description><publisher lang="en-US">Universitas Islam Indonesia</publisher><date>2021-04-21</date><type>Journal:Article</type><type>Other:info:eu-repo/semantics/publishedVersion</type><type>Other:quantitative approach</type><type>File:application/pdf</type><identifier>https://jurnal.uii.ac.id/JEP/article/view/17247</identifier><identifier>10.20885/ejem.vol13.iss1.art2</identifier><source lang="en-US">Economic Journal of Emerging Markets; Volume 13 Issue 1, 2021; 13-26</source><source>2502-180X</source><source>2086-3128</source><language>eng</language><relation>https://jurnal.uii.ac.id/JEP/article/view/17247/11148</relation><rights lang="en-US">Copyright (c) 2021 Arif Eser Güzel, Cemil Serhat Akin</rights><recordID>article-17247</recordID></dc>
|
| language |
eng |
| format |
Journal:Article Journal Other:info:eu-repo/semantics/publishedVersion Other Other:quantitative approach File:application/pdf File Journal:eJournal |
| author |
Güzel, Arif Eser Akin, Cemil Serhat |
| title |
The role of agricultural productivity in economic growth in middle-income countries: An empirical investigation |
| publisher |
Universitas Islam Indonesia |
| publishDate |
2021 |
| topic |
Economic growth agricultural productivity human capital trade openness C23 O11 Q10 |
| url |
https://jurnal.uii.ac.id/JEP/article/view/17247 https://jurnal.uii.ac.id/JEP/article/view/17247/11148 |
| contents |
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 cross-sectional 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.Implications - This study reveals that the industrialization process in middle-income countries to boost economic growth can be accelerated by implementing policies to increase productivity in the agricultural sector.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. |
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Universitas Islam Indonesia |
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Economic Journal of Emerging Markets |
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Ekonomi Manajemen |
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DAERAH ISTIMEWA YOGYAKARTA |
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