Exploring the Influence of Agricultural Exports on Economic Growth: Fresh Insights from Upper Middle-Income Nations

Malek El Weriemmi and Sayef Bakari

MPRA Paper from University Library of Munich, Germany

Abstract: This study analyzes the impact of agricultural exports on economic growth in 30 upper-middle-income countries from 2004 to 2023 using World Bank data and static gravity model. The results indicate that agricultural exports positively influence economic growth, with a 1% increase in exports associated with a 0.13% rise in growth. Capital investment and labor also significantly contribute to economic progress. The findings suggest that enhancing agricultural export policies and infrastructure can effectively boost economic growth. Balancing trade policies to mitigate the negative effects of imports is also recommended.

Keywords: Agricultural Exports; Economic Growth; Static Gravity Model; Upper Middle-Income Countries. (search for similar items in EconPapers)
JEL-codes: F11 F14 O47 Q17 Q18 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-agr, nep-gro and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:121660

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