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Studying the volatility effect of agricultural exports on agriculture share of GDP: The case of Egypt

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  • Ahmed, Osama
  • Sallam, Walid

Abstract

This article aims to examine the long and short run relationship between agricultural exports and agriculture share of GDP. Links between series considered are assessed by co-integration analysis using Johansen co-integration technique and ECM-GARCH. Results indicate a positive link in the short and long term between agricultural exports and agriculture share of GDP, as well as co-integration between the pairs of series used. Also it can be found that increases in agricultural exports were followed by increases in agriculture share of GDP. Agriculture exports and agriculture share of GDP elasticities are 0.62. The past shocks and agricultural exports increased agriculture share of GDP volatility.

Suggested Citation

  • Ahmed, Osama & Sallam, Walid, 2018. "Studying the volatility effect of agricultural exports on agriculture share of GDP: The case of Egypt," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 13(8), pages 345-352.
    • Handle: RePEc:zbw:espost:175845
    DOI: 10.5897/AJAR2016.11920
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    2. Sayef Bakari & Sofien Tiba, 2022. "Agricultural Exports, Agricultural Imports And Economic Growth In China," Journal of Smart Economic Growth, , vol. 7(3), pages 35-61, September.
    3. 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.
    4. Abda Emam, 2022. "Present and future: Does agriculture affect economic growth and the environment in the Kingdom of Saudi Arabia?," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(10), pages 380-392.
    5. Bakari, Sayef & Mabrouki, Mohamed, 2018. "The Impact of Agricultural Trade on Economic Growth in North Africa: Econometric Analysis by Static Gravity Model," MPRA Paper 85116, University Library of Munich, Germany.
    6. Bakari, Sayef & Sofien, Tiba, 2019. "Does Agricultural Trade promote Chinese economic growth? ARDL Approach," MPRA Paper 94614, University Library of Munich, Germany.

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    More about this item

    Keywords

    Agricultural exports; Agricultural economic growth; Co-integration analysis; Johansen co-integration; ECM-GARCH;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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