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Impacts of Agricultural CO2 Emissions, Agricultural Exports and Financial Development on Economic Growth: Insights from East Asia and Pacific Countries

Author

Listed:
  • Nesrine Gafsi

    (College of Economics and Administrative Sciences, Imam Muhammad Ibn Saud Islamic University, Riyadh, Saudi Arabia)

  • Sayef Bakari

    (LIEI, Faculty of Economic Sciences and Management of Tunis, University of Tunis El Manar, Tunisia; & Faculty of Legal, Economic and Management Sciences of Jendouba, University of Jendouba, Tunisia)

Abstract

This study investigates the effects of agricultural CO2 emissions, agricultural exports, and financial development on economic growth in the Asia-Pacific region from 1990 to 2022, using data from 37 countries. The findings reveal that increased capital investment and agricultural exports significantly boost economic growth, while higher final consumption expenditure also plays a crucial role. Conversely, agricultural methane emissions negatively impact economic growth, underscoring the need for sustainable agricultural practices. The analysis highlights the importance of capital accumulation, agricultural sector expansion, and financial development for economic advancement. It also suggests that policies promoting technological innovation, environmental sustainability, and robust domestic demand are essential for sustained economic growth. Future research should address potential biases and explore additional variables to refine these insights.

Suggested Citation

  • Nesrine Gafsi & Sayef Bakari, 2024. "Impacts of Agricultural CO2 Emissions, Agricultural Exports and Financial Development on Economic Growth: Insights from East Asia and Pacific Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(6), pages 136-153, November.
    • Handle: RePEc:eco:journ2:2024-06-14
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    More about this item

    Keywords

    Agricultural CO2 Emissions; Agricultural Exports; Financial Development; Economic Growth; Asia and Pacific Countries;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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