Impact of FDI and energy consumption on the agricultural productivity of BRICS nations
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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2023-09-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1693.pdf
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| Summary: | 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. |
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| ISSN: | 1841-8678 1844-0029 |