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Agricultural exports and agricultural economic growth in developed countries: Evidence from OECD countries

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  • Jun Ho Seok
  • Hanpil Moon

Abstract

This study examines the validity of the export-led growth hypothesis in the context of developed countries’ agricultural sector, considering the existence of a common market among countries. Using the annual data of Organisation for Economic Co-operation and Development (OECD) countries from 1997 to 2016, we analyze the effect of agricultural exports on agricultural growth. For the comparison between developed countries with and without common markets, we create three subsamples (OECD, the European Union [EU] countries among OECD members, and the non-EU countries among OECD members). Estimation results show that agricultural exports (imports) have a positive (negative) effect on agricultural growth only in the case of the EU subsample. These results imply that access to foreign markets is important to validate the export-led growth hypothesis in the agricultural sector of developed countries.

Suggested Citation

  • Jun Ho Seok & Hanpil Moon, 2021. "Agricultural exports and agricultural economic growth in developed countries: Evidence from OECD countries," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 30(7), pages 1004-1019, October.
    • Handle: RePEc:taf:jitecd:v:30:y:2021:i:7:p:1004-1019
    DOI: 10.1080/09638199.2021.1923780
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    Cited by:

    1. El Weriemmi, Malek & Bakari, Sayef, 2024. "Impacts of Agricultural Exports and CO2 Emissions on Economic Growth: New Evidence from High Income Countries," MPRA Paper 121697, University Library of Munich, Germany.
    2. Cheng-Wen Lee & Budi Hasyim & Jan-Yan Lin, 2023. "The Export-Led Growth Hypothesis: Some Evidence from the 8-ASEAN," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 13(2), pages 1-1.
    3. El Weriemmi, Malek & Bakari, Sayef, 2024. "Impacts of Agricultural Exports and CO2 Emissions on Economic Growth: New Evidence from High Income Countries," MPRA Paper 121888, University Library of Munich, Germany.
    4. Mamba, Essotanam & Ali, Essossinam, 2022. "Do agricultural exports enhance agricultural (economic) growth? Lessons from ECOWAS countries," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 257-267.
    5. Md Ali Emam & Markus Leibrecht & Tinggui Chen, 2021. "Fish Exports and the Growth of the Agricultural Sector: The Case of South and Southeast Asian Countries," Sustainability, MDPI, vol. 13(20), pages 1-14, October.
    6. Alexandr Gulyarenko & Michał Bembenek, 2022. "The Method of Calculating Ploughshares Durability in Agricultural Machines Verified on Plasma-Hardened Parts," Agriculture, MDPI, vol. 12(6), pages 1-15, June.
    7. David Adeabah & Simplice Asongu, 2024. "Agricultural Export, Growth and the Poor in Africa: A Meta Analysis," Journal of Interdisciplinary Economics, , vol. 36(2), pages 204-223, July.
    8. El Weriemmi, Malek & Bakari, Sayef, 2024. "The Impact of Agricultural Exports on Economic Growth: New Evidence from Low Income Countries," MPRA Paper 121631, University Library of Munich, Germany.
    9. 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.

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