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Agricultural Value Added in BRICS: A Panel Data Study

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  • Sharmiladevi Jekka Chandrasekaran

    (Symbiosis Centre for Management Studies, Symbiosis International (Deemed University), India)

Abstract

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.

Suggested Citation

  • 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.
    • Handle: RePEc:eco:journ2:2024-03-19
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    More about this item

    Keywords

    Agricultural Value-added; Carbon Dioxide Emission; Foreign Direct Investment; Panel Data; Fixed Effect; Cointegration;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q27 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Issues in International Trade

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