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Agricultural Productions and Its Implications on Economic Growth in Ivory Coast: The Use of the Econometric Approach

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  • Kouakou Kouakou Paul-Alfred

Abstract

The objective of this article is to assess the effect of the agricultural sector on the economic growth in Ivory Coast.The data used are those of the World Bank and cover the period from 1985 to 2015. The analysis of the data required the use of the AutoRegressive Distributed Lag (ARDL). It emerges from this study that there is a positive and significant relationship between manufacturing agriculture and economic growth in the short and long term. On the other hand, the food-crop production has a negative effect on GDP, even if it is significant. The variable of interest such as agricultural investment has a positive and significant effect on economic development, while cash crop production have a positive but not significant effect on long-term economic growth. Therefore, in view of these results, the State must promote the processing of agricultural products in order to create more value added.

Suggested Citation

  • Kouakou Kouakou Paul-Alfred, 2020. "Agricultural Productions and Its Implications on Economic Growth in Ivory Coast: The Use of the Econometric Approach," Applied Economics and Finance, Redfame publishing, vol. 7(4), pages 126-137, July.
    • Handle: RePEc:rfa:aefjnl:v:7:y:2020:i:4:p:126-137
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    References listed on IDEAS

    as
    1. Titus O. Awokuse & Ruizhi Xie, 2015. "Does Agriculture Really Matter for Economic Growth in Developing Countries?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 63(1), pages 77-99, March.
    2. Gunawardena, Aruni, 2012. "Effects of Increasing Agricultural Productivity: A Computable General Equilibrium Analysis for Sri Lanka," 2012 Conference (56th), February 7-10, 2012, Fremantle, Australia 124313, Australian Agricultural and Resource Economics Society.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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