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Agricultural exports and agricultural economic growth in developed countries: Evidence from OECD countries

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  • Jun Ho Seok
  • Hanpil Moon

Abstract

This study examines the validity of the export-led growth hypothesis in the context of developed countries’ agricultural sector, considering the existence of a common market among countries. Using the annual data of Organisation for Economic Co-operation and Development (OECD) countries from 1997 to 2016, we analyze the effect of agricultural exports on agricultural growth. For the comparison between developed countries with and without common markets, we create three subsamples (OECD, the European Union [EU] countries among OECD members, and the non-EU countries among OECD members). Estimation results show that agricultural exports (imports) have a positive (negative) effect on agricultural growth only in the case of the EU subsample. These results imply that access to foreign markets is important to validate the export-led growth hypothesis in the agricultural sector of developed countries.

Suggested Citation

  • Jun Ho Seok & Hanpil Moon, 2021. "Agricultural exports and agricultural economic growth in developed countries: Evidence from OECD countries," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 30(7), pages 1004-1019, October.
  • Handle: RePEc:taf:jitecd:v:30:y:2021:i:7:p:1004-1019
    DOI: 10.1080/09638199.2021.1923780
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    Cited by:

    1. Cheng-Wen Lee & Budi Hasyim & Jan-Yan Lin, 2023. "The Export-Led Growth Hypothesis: Some Evidence from the 8-ASEAN," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 13(2), pages 1-1.
    2. Mamba, Essotanam & Ali, Essossinam, 2022. "Do agricultural exports enhance agricultural (economic) growth? Lessons from ECOWAS countries," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 257-267.
    3. Md Ali Emam & Markus Leibrecht & Tinggui Chen, 2021. "Fish Exports and the Growth of the Agricultural Sector: The Case of South and Southeast Asian Countries," Sustainability, MDPI, vol. 13(20), pages 1-14, October.
    4. Alexandr Gulyarenko & Michał Bembenek, 2022. "The Method of Calculating Ploughshares Durability in Agricultural Machines Verified on Plasma-Hardened Parts," Agriculture, MDPI, vol. 12(6), pages 1-15, June.
    5. David Adeabah & Simplice A. Asongu, 2021. "Agricultural Export, Growth and the Poor in Africa: A Meta Analysis," Working Papers 21/082, European Xtramile Centre of African Studies (EXCAS).

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