The Contribution of Agricultural Production on Selected Sustainable Development Goals in the BRICS: A Panel Analysis

Rufaro Garidzirai ()
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Rufaro Garidzirai: Walter Sisulu University, South Africa

Eurasian Journal of Economics and Finance, 2020, vol. 8, issue 3, 154-167

Abstract: Does agriculture contribute to Sustainable Development Goals in the BRICS countries? This question remains one of the unanswered questions in the academic arena. Thus, an examination of this question is crucial. Accordingly, the objectives of the study are twofold. The first objective was to examine the contribution of agriculture on economic growth in the BRICS bloc. The second objective was to investigate the contribution of agriculture on income inequality. The study employed Pooled Mean Group over a period 1995-2018 and found that agriculture production contributes to economic growth and reduces income inequality in the BRICS countries. All the variables met the expected priori and the study confirmed that all the disequilibrium in the shortrun could be corrected in the long-run. Therefore, the BRICS government should strengthen the agricultural sector since it is one of its strongholds sector.

Keywords: Agriculture; Sustainable Development Goals; BRICS; Pooled Mean Group (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ejn:ejefjr:v:8:y:2020:i:3:p:154-167

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