Theoretical and Applied Economics
No. 2 / 2021 (627), Summer
Causal relationship between agricultural exports and economic growth: a diagnostic approach
Chaudhary Ranbir Singh University, Jind
Laurel PASRICHA
Kurukshetra University, Kurukshetra
Abstract. This study attempts to investigate the causal relationship that exists between agricultural exports and economic growth for the time period starting from 1992-93 to 2018-19. Gross Domestic Product (GDP) has been used as the proxy of the economic growth. The study applied the unit root testing for checking the stationarity of the data which comes out to be integrated at level 2. The study used Johansen co-integration test to understand if there is any co-integration between the two variables of the study i.e. agricultural exports and economic growth. Vector Error Correction Model has been used to know if there is short run or long run causality between them. The results revealed that there is short run causality between the taken variables when GDP is taken as independent and agricultural exports as dependent variable but not vice-versa. Granger-Causality test shows that there is unidirectional causality running from gross domestic product to exports of agricultural products. The study would help in policy formulation in a way that gives boost to economic growth and thus the agricultural exports.
Contents
The impact of non-banking financial markets on economic development
The effect of financial liberalization on Malaysian economic growth
Causal relationship between agricultural exports and economic growth: a diagnostic approach
COVID-19 and CAPM: a tale of reference dependence with the pharma stocks’ returns
Statistical analysis on population ageing
An impulse response function analysis of the impact of modern payment technologies on money demand in Nigeria
Statistical analysis on the evolution of economic activity in Romania
Determinants of trade flows to Agadir Agreement countries: gravity model three-way approach
Case study: The impact on the Romanian State Budget in the case of EU adoption of the CCCTB Directive
Public expenditure and economic development: New evidence from the BRICS-SAARC-ASEAN region
The external debt burden and economic growth in Africa: a panel data analysis
What explains the real exchange rate movement for the BRICS nations? With a separate analysis for Indian economy
Export supporting strategy, distance to frontier and economic growth
Volatility Forecasting, Market Efficiency and Effect of Recession of SRI Indices
The impact of taxation on growth: the case of Greece