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Impact of FDI and energy consumption on the agricultural productivity of BRICS nations
- Source :
- Theoretical and Applied Economics, Vol XXX, Iss 3, Pp 315-322 (2023)
- Publication Year :
- 2023
- Publisher :
- General Association of Economists from Romania, 2023.
-
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.
Details
- Language :
- English
- ISSN :
- 18418678 and 18440029
- Volume :
- XXX
- Issue :
- 3
- Database :
- Directory of Open Access Journals
- Journal :
- Theoretical and Applied Economics
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.8672e6adf9234267be1330dac490ecb6
- Document Type :
- article