Economic Performance of Forest Plantations in Asian Countries

Lubna Ali, Rizwan Akhtar (), Jamal Hussain, Ghazala Khan, Sameena Mumtaz, Naila Akhtar, Rashid Ali and Chenlu Tao
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Lubna Ali: Karakorum International University
Rizwan Akhtar: Karakorum International University
Jamal Hussain: Karakorum International University
Ghazala Khan: Karakorum International University
Sameena Mumtaz: Karakoram International University
Naila Akhtar: Karakorum International University
Rashid Ali: University of Sindh
Chenlu Tao: North China Electric Power University

Journal of the Knowledge Economy, 2024, vol. 15, issue 1, No 197, 4997-5017

Abstract: Abstract In Asian countries, forest plantations increased dramatically during the 1990s. Most earlier studies mainly focused on how forest plantations influenced certain aspects of rural livelihoods. The macroeconomic effects of forest plantations on Asia’s GDP per capita are the main focus of this study. The impact of forest plantation on GDP per capita was estimated using data from 1990 to 2019 using the augmented mean group (AMG) and common correlated effects mean group (CCEMG) estimators. The study’s findings demonstrate that a variety of factors, including total exports (TEXP), agricultural growth (AGR), foreign direct investment (FDI), and forest plantations (FP), all have a positive and significant impact on the GDP per capita of Asian countries. The causality test results also show a bidirectional association between forest plantations and FDI and a unidirectional relationship between forest plantations and GDP per capita. According to this study, Asian countries can raise their GDP per capita by promoting forest plantations, which have considerable environmental benefits for the region’s economies’ long-term development.

Keywords: Agriculture growth; Foreign direct investment; Forest plantation; CCEMG; Asian economics (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13132-023-01240-w

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