IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v3(636)y2023i3(636)p315-322.html
   My bibliography  Save this article

Impact of FDI and energy consumption on the agricultural productivity of BRICS nations

Author

Listed:
  • Sanjay Kumar PATEL

    (School of Commerce & Management Central University of Rajasthan, India)

  • Devashish JOSHI

    (School of Commerce & Management Central University of Rajasthan, India)

Abstract

Agricultural development is essential for world trade and the global economy. This research investigates the relationship between Foreign Direct Investment (FDI) and fossil fuel energy consumption with agricultural productivity (AP). The study used the panel data of BRICS nations from 1991-2019. For data analysis, panel regression analysis along with descriptive statistics was used. The study’s findings are that FDI and FFEC significantly influence the AP of BRICS nations. The FFEC has a positive influence on the AP, while FDI has a negative influence on the AP of BRICS nations. Further, the results revealed that trade openness and gross capital formation have a weak but significant influence on agricultural productivity.

Suggested Citation

  • Sanjay Kumar PATEL & Devashish JOSHI, 2023. "Impact of FDI and energy consumption on the agricultural productivity of BRICS nations," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(636), A), pages 315-322, Autumn.
    • Handle: RePEc:agr:journl:v:3(636):y:2023:i:3(636):p:315-322
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/1693.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=1693&rid=152
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Priya Gupta & Archana Singh, 2016. "Determinants of Foreign Direct Investment Inflows in BRICS Nations: A Panel Data Analysis," Emerging Economy Studies, International Management Institute, vol. 2(2), pages 181-198, November.
    2. Mohamad Alnafissa & Mohammed Abdeen & Kamaleldin Bashir & Yosef Alamri & Fuad Alagsam & Abdulaziz Al-Duwais, 2022. "Impact of Gulf Cooperation Countries’ Foreign Direct Investment on Sudan’s Agricultural Exports," Sustainability, MDPI, vol. 14(6), pages 1-8, March.
    3. Sabrine Dhahri & Anis Omri, 2020. "Does foreign capital really matter for the host country agricultural production? Evidence from developing countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 156(1), pages 153-181, February.
    4. Hongxing Yao & Mohammed Ismail Alhussam & Omar Abu Risha & Bilal Ahmed Memon, 2020. "Analyzing the Relationship between Agricultural FDI and Food Security: Evidence from Belt and Road Countries," Sustainability, MDPI, vol. 12(7), pages 1-20, April.
    5. Furqan Sikandar & Vasilii Erokhin & Hongshu Wang & Shafiqur Rehman & Anna Ivolga, 2021. "The Impact of Foreign Capital Inflows on Agriculture Development and Poverty Reduction: Panel Data Analysis for Developing Countries," Sustainability, MDPI, vol. 13(6), pages 1-22, March.
    6. Santangelo, Grazia D., 2018. "The impact of FDI in land in agriculture in developing countries on host country food security," Journal of World Business, Elsevier, vol. 53(1), pages 75-84.
    7. Dhahri, Sabrine & Omri, Anis, 2020. "Foreign capital towards SDGs 1 & 2—Ending Poverty and hunger: The role of agricultural production," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 208-221.
    8. Zhihui Wen & Lijuan Zhuang & Rixin Zhang, 2020. "The Empirical Analysis on the Import and Export Technology Effect of Agricultural FDI in China," Global Economic Review, Taylor & Francis Journals, vol. 49(3), pages 273-285, July.
    9. Guoping Ding & Prince Asare Vitenu-Sackey & Wenshu Chen & Xiaofeng Shi & Jun Yan & Shichen Yuan, 2021. "The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries," PLOS ONE, Public Library of Science, vol. 16(7), pages 1-21, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sharmiladevi Jekka Chandrasekaran, 2024. "Agricultural Value Added in BRICS: A Panel Data Study," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 171-178, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yan Jin & Liyun Zhang & Lu Feng, 2022. "Success Factors of Cross-Border Agricultural Investments for Opium Poppy Alternative Project under China’s Belt and Road Initiative," Sustainability, MDPI, vol. 14(23), pages 1-16, November.
    2. Yue Jin & Chen Chen & Zhanyi Shi, 2021. "Spillover Effect of FDI on Food Exports: Based on Firm-Level Analysis in China," Sustainability, MDPI, vol. 13(9), pages 1-20, April.
    3. Samdrup, Tshering & Fogarty, James & Pandit, Ram & Iftekhar, Md. Sayed & Dorjee, Kinlay, 2023. "Does FDI in agriculture in developing countries promote food security? Evidence from meta-regression analysis," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1255-1272.
    4. Qamruzzaman, Md, 2022. "Nexus between renewable energy, foreign direct investment, and agro-productivity: The mediating role of carbon emission," Renewable Energy, Elsevier, vol. 184(C), pages 526-540.
    5. Linus Nyiwul & Niraj P. Koirala, 2022. "Role of foreign direct investments in agriculture, forestry and fishing in developing countries," Future Business Journal, Springer, vol. 8(1), pages 1-12, December.
    6. Rekha Rao-Nicholson & Htwe Htwe Thein & Yifan Zhong, 2024. "A thematic analysis of the links between multinational enterprises’ corporate social responsibility and the Sustainable Development Goals in Myanmar," Journal of International Business Policy, Palgrave Macmillan, vol. 7(2), pages 203-223, June.
    7. Vanessa da Silva Mariotto Onody & Ana Catarina Gandra de Carvalho & Eduardo Polloni-Silva & Guilherme Augusto Roiz & Enzo Barberio Mariano & Daisy Aparecida Nascimento Rebelatto & Herick Fernando Mora, 2022. "Corruption and FDI in Brazil: Contesting the “Sand” or “Grease” Hypotheses," Sustainability, MDPI, vol. 14(10), pages 1-18, May.
    8. Berna Dogan, . "Does FDI in agriculture promote food security in developing countries? The role of land governance," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    9. Junyan Tian, 2023. "Does agricultural official development assistance facilitate foreign direct investment in agriculture: Evidence from 63 developing countries," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(3), pages 702-718, September.
    10. Zecca, Francesco & D’Errico, Marco, 2021. "Food security and land use: The Ethiopian case," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 23(2), July.
    11. Ku McMahan & Saad Usmani, 2022. "The Economic Benefits of Supporting Private Social Enterprise at the Nexus of Water and Agriculture: A Social Rate of Return Analysis of the Securing Water for Food Grand Challenge for Development," Sustainability, MDPI, vol. 14(10), pages 1-16, May.
    12. Boly, Mohamed & Sanou, Aicha, 2022. "Biofuels and food security: evidence from Indonesia and Mexico," Energy Policy, Elsevier, vol. 163(C).
    13. Ye, Zhiqiang & Zhang, Fangfang & Zhang, Shunming, 2021. "Export effect and influence mechanism of foreign ownership," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 258-276.
    14. Dhahri, Sabrine & Omri, Anis, 2020. "Foreign capital towards SDGs 1 & 2—Ending Poverty and hunger: The role of agricultural production," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 208-221.
    15. Alexander Esaulko & Vladimir Sitnikov & Elena Pismennaya & Olga Vlasova & Evgeniy Golosnoi & Alena Ozheredova & Anna Ivolga & Vasilii Erokhin, 2022. "Productivity of Winter Wheat Cultivated by Direct Seeding: Measuring the Effect of Hydrothermal Coefficient in the Arid Zone of Central Fore-Caucasus," Agriculture, MDPI, vol. 13(1), pages 1-17, December.
    16. Furqan Sikandar & Vasilii Erokhin & Hongshu Wang & Shafiqur Rehman & Anna Ivolga, 2021. "The Impact of Foreign Capital Inflows on Agriculture Development and Poverty Reduction: Panel Data Analysis for Developing Countries," Sustainability, MDPI, vol. 13(6), pages 1-22, March.
    17. Jingwei Xiang & Xiaoqing Song & Jiangfeng Li, 2019. "Cropland Use Transitions and Their Driving Factors in Poverty-Stricken Counties of Western Hubei Province, China," Sustainability, MDPI, vol. 11(7), pages 1-19, April.
    18. Gouranga Das & Ranajoy Bhattacharyya & Sugata Marjit, 2023. "Contract Farming and Food Insecurity in an Open Competitive Economy: Growth, Distribution, and Government Policy," JRFM, MDPI, vol. 16(4), pages 1-26, April.
    19. Ueta, Toshimitsu, 2024. "Institutional environments and conflict between foreign investors and local communities in large-scale agricultural land acquisitions," International Business Review, Elsevier, vol. 33(5).
    20. Wang, Hao & Fidrmuc, Jan & Luo, Qi, 2021. "A spatial analysis of inward FDI and urban–rural wage inequality in China," Economic Systems, Elsevier, vol. 45(3).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:3(636):y:2023:i:3(636):p:315-322. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mircea Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.