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Impact of FDI and energy consumption on the agricultural productivity of BRICS nations

Author

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  • Sanjay Kumar PATEL

    (School of Commerce & Management Central University of Rajasthan, India)

  • Devashish JOSHI

    (School of Commerce & Management Central University of Rajasthan, India)

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.

Suggested Citation

  • Sanjay Kumar PATEL & Devashish JOSHI, 2023. "Impact of FDI and energy consumption on the agricultural productivity of BRICS nations," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(636), A), pages 315-322, Autumn.
    • Handle: RePEc:agr:journl:v:3(636):y:2023:i:3(636):p:315-322
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    References listed on IDEAS

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