Trade Openness, Foreign Direct Investment and Sustainable Agriculture in Africa

W artykule wykorzystano dane panelowe z 37 krajów afrykańskich w badaniu wpływu otwartości handlu i bezpośrednich inwestycji zagranicznych na zrównoważone rolnictwo i osiągnięcie Celów zrównoważonego rozwoju ONZ, zwłaszcza SDG-2, który ma za zadanie wyeliminowanie skrajnego głodu, osiągniecie bezpieczeństwa żywnościowego oraz promowanie zrównoważonego rolnictwa. Dane do badania pochodzą z Country Policy and Institutional Assessment (CPIA) oraz World Development Indicators (WDI) Banku Światowego i obejmują lata 2005-2019. W celu kontroli endogeniczności w badaniu wykorzystano system Generalized Method of Moments (GMM). Wyniki pokazują, że Bezpośrednie Inwestycje Zagraniczne (FDI) i otwartość handlu mają znaczący negatywny wpływ na zrównoważony rozwój rolnictwa w Afryce. Wynik ten implikuje, że wzrost FDI może obniżyć zrównoważenie rolnictwa o 0,00294%, podczas gdy wzrost otwartości handlu może obniżyć zrównoważenie rolnictwa o 0,430066 %. Z tego wynika, że chociaż otwartość handlu jest negatywna, należy zachęcać do polityki zwiększania produkcji lokalnej w kierunku promocji eksportu. Ponadto należy zachęcać do FDI w celu zwiększenia lokalnego zatrudnienia i inwestycji w celu zwiększenia produkcji i produktywności w Afryce.

Słowa kluczowe:

rolnictwo, zrównoważoność, liberalizacja handlu, rozwój zrównoważony

Bibliografia

ABDUL J., NAZIA B., 2020, Revisiting the link between trade openness and economic growth using Panel methods, Research Square: 1-21.

ABDULLAH R., ARIL V., 2014, Determinants of international financial integration of GCC Market in emerging market and the global economy, Academic Press, New York: 31.

ADEREMI T. A., OLANIPEKUN W. D., BAMIDELE A. G., HASSAN, C. O., OSABOHIEN, R., & AZUH, D. E., 2021. Role of Agriculture in Poverty Reduction in Nigeria: An Implication for Sustainable Development Goals (SDGs), African Journal of Business and Economic Research, 2021(si1), 267-280.

AGBA D., ADEWARA S., NWANJI T., YUSUF, M., ADZOR K., ABBAH B.,2018, Does foreign direct investment impact Agricultural output in Nigeria? an error correction modelling approach, Journal of Economics and Sustainable Development, 9(4): 1-11.

AKINLO A. E., 2004, Foreign direct investment and growth in Nigeria: an empirical investigation, Journal of Policy Modelling, 26(5): 627-639.

AKINWALE S., ADEKUNLE E., OBAGUNWA T., 2018, Foreign direct investment inflow and Agricultural Sector Productivity in Nigeria, Journal of Economics and Finance, 9(4): 12-19.

ALFARO L., 2006, How does foreign direct investment Promote economic growth? exploring the effects of financial markets on linkages, NBER Working Paper, No 12522.

ANOWOR O., UKWENI N., IKEME M., 2013, The Impact of trade liberalisation on Nigeria Agricultural Sector, Journal of Economics and Sustainable Development, 4(8):14-24.

ANYANWU J, NADEGE P., 2015,What are the drivers of Foreign direct Investment into West Africa? an empirical investigation, African Development Review, 27(3): 199-215.

ASIEDU E., 2003a, Foreign direct investment in Africa: The role of government Policy, governance and Political instability, Mimeo, Department of Economics, University of Kansas: 1-13.

ASIEDU E., 2006, Foreign direct investment in Africa; the role of natural resources, market size, government Policy, institution and political stability, The World Economy, 29(1): 63-77.

ASIEDU E., 2013,Foreign direct investment, natural resources and institution, Working Paper on international growth centre.

AWUNYO-VICTOR D., SACKEYR., 2018, Agricultural Sector Foreign Direct Investment and Economic Growth in Ghana, Journal of Innovation and Enterprenuer, 7(15): 67-82.

BAMIRO O.A., 2018, Sustainable development goals and the Nigerian University System, the first public lecture by Centre of Excellence in Reproductive Health Innovation, University of Benin delivered in August, 2018.

BEYENE H., 2014, Trade integration and revealed comparative advantages of sub-Saharan Africa and Latin America & Caribbean merchandise export, International Trade Journal, 28(5):411-441, https://doi.org/10.1080/08853908.2014.952851.

BLEANEY M., WAKELIN K., 2002, Efficiency, innovation and export, Oxford Bulletin of Economics,3-15, https://ssrn.com/abstract=312813.

BOND E., KAZUMICHI I., KAZUO N., 2012, The dynamic Heckscher-Ohlin Model: A diagrammatic Analysis, International Journal of Economic Theory, 8(2): 197-211, https://doi.org/ 10.1111/j.17427363.2012.00186.x.

CHINODA T. 2020, The nexus between financial inclusion, trade and economic growth in Africa, Transnational Corporation Review, 12(3):266-275, https://doi.org/10.1080/19186444.20201742065.

DE SILVA N., MALAGA J., JOHNSON J., 2003, Trade Liberalization effects on Agricultural Production Growth: The Case of Sri Lanka, Selected Paper Presented at the Southern Agricultural Economic Association (SAEA) annual meeting, https://ageconsearch.umnedu>finalpaper.SAEA.

DJOKOTO J., 2003, Openness and Agricultural Performance in Ghana, Journal of Science and Technology (Ghana), 33 (2):24-36, https://doi.org/10.4314/just.v33i2.3.

EDEH C., EZE C., UGWUANYI S., 2020, Impact of Foreign Direct Investment on the Agriculture Sector in Nigeria (1981-2017),African Development Review, 32(4): 551-564.

EIJI F., 2018, What Does trade openness measure?, Oxford Bulletin of Economics and Statistics, 81(4):868-888, https://doi.org/10.1111/obes.12275.

FORSTER M., TOTH I., 2015, Cross-Country evidence of the multiple causes of inequality changes in the OEDC Area, Handbook of Income Distribution, 2(2015):1729-1843, https://doi.org/10.1016/B978-0-444-59429-7.00020-0.

GHERGHINA S., SIMIONESEUS L., HUDEA O., 2019, Exploring foreign direct investment – economic growth nexus; empirical evidence from Central and Eastern European Countries, Sustainability, 11(19):1-33.

GLICK R., HUTCHISON M., 2013,The evidence and impact of financial globalization, Elsevier, New York.

25. GUEI K, Le ROUX P., 2019, Trade openness and economic growth: evidence from the economic community of Western African States Region, Journal of Economic and Financial Sciences, 1(12): 1-9.

HASSINE N., ROBICAUD, V., DECALUWE B.,2010, Agricultural Trade Liberalization, Productivity gain and Poverty Alleviation: aGenerla Equilibrium Analysis,CIRPEE Working Paper, 10-22.

IDDRISU A., IMMURANA M., HALIDU B., 2015, The impact of foreign direct investment on the Performance of the Agricultural Sector in Ghana, International Journal of Academic Research in Business and Social Sciences, 5(7):240-259.

IMF, 1977, World Economic Outlook, International Monetary Fund, Washington.

JAIBLAI P, SHENAI V., 2019, The determinants of foreign direct investment in sub-Saharan Economies: A Study of data from 1990-2017, International Journal of Financial Studies, 7(3):1-28, 43.

KRUGMAN P., 1991. Increasing Return and Economic Growth, The Journal of Political Economy, 483-99.

LAIPRAKOBSUPT, 2014, Democracy, trade openness and Agricultural trade policy in Southeast Asian Countries, Japanese Journal of Political Science,15(3): 465-484, https://doi.org/10.S146810991400019x.

LAWAL A., NWANJI T., ASALEYE A., AHMED A, 2016, Economic growth, financial development and trade openness in Nigeria: An application of the ARDL Bound testing approach,Cogent Economics Finance, https://doi.org/10.1080%2F23322039.2016.1258810.

MAHMOUD L., 2015, An investigation of the impact of FDI on economic growth: A Case Study of Mauritania, International Journal of Economics and Management Science, 4(2):1-5.

MATTHEW O. A., KAYODE F., OSABOHIEN R., URHIE E., FASINA F. F., FOLARIN, E. M., EDAFE, O. D., 2021,. Business Climate, Infrastructure and Institutions in Nigeria: Implication for Foreign Direct Investment. African Journal of Business and Economic Research, 2021(si1), 303-321.

MATSUYAMA K., 2019, Engel's law in the global economy: demand-Induced Patterns of structural changes, structural changes, innovation and trade, Econometrica, 87(2): 497-528, https://doi.org/10.3982/ECTA13765.

MAZHIKEYEV A., EDWARD T., RIZOU M., 2015, Openness and Isolation: The Trade Performance of Former Soviet Central Asian Countries, International Business Review, 24(16):935- 947, https://doi.org/10.1016/j.ibusrev-2015.03.001.

MILJKOVIC D., SHAIK S., 2010, The Impact of Trade Openness on Technical Efficiency in U.S.Agriculture, Journal of International Agricultural Trade and Development, 7:1-13.

NIN PRATT A., DIAO X., BAHTA Y., 2009., Should regional trade liberalization of Agriculture be a Policy Priority in Southern Africa? Agriculture and Food Policy Conference Paper, 1-21.

OLAYIWOLA K., OSABUOHIEN E., OKODUA H., OLA-DAVID O., 2015, Economic integration, trade facilitation and Agricultural export Performance in ECOWAS sub-region, Regional integration and trade in Africa, Macmillian, New York: 31-46.

OLOKOYO F., 2012, Foreign direct investment and economic growth: a case of Nigeria, Bvimer's Journal of Management Research, 4(1): 1-30.

OLOYEDE B., 2014. Impact of foreign direct investment on Agricultural sector development in Nigeria (1981-2012), Kuwait Chapter Arabian Journal of Business and Mangement Review, 3(12):1424.

OSABOHIEN R., OSABUOHIEN E.S., KHANG M.K., NGUYEN D.P., 2021a, Agricultural trade, foreign direct investment and inclusive growth in developing countries: evidence from West Africa, Transnational Corporations Review, https://doi.org/10.1080/19186444.2021.1936986.

OSABOHIEN R., ADELEYE,B.N., OSABUOHIEN E., 2021b, African growth and opportunity act and trade performance in Nigeria, Heliyon 7: e06410, https://doi.org/10.1016/j.heliyon.2021.e06410.

OSABUOHIEN E., EFOBI U., 2011, Trade outcomes in Africa's regional Economic Communities and Institutional Quality: Some Policy Prescriptions, Economic Insights, Trend and Challenges, LXIII(4):19-32.

OSU S, SOILE L, SANGOSANYA A., 2021, Foreign direct investment and Nigerian economic growth: a sectoral analysis, Philippine Review of Economics, 44: 171-194.

POTELWA X, LUBINGA M., NTASHANGASE T,. 2016, Factors that Influence the Growth of South Africa's Agricultural Export to World Market, European Scientific Journal, 12(34): 195-215.

SHOBANDE O., 2019, Effects of economic intergration on Agricultural export performance inselected West African Countries, Economies,7(3):1-14.

SHOBANDE O., EZENEKWU U., UZONWANNE M.,2018a, Revisiting economic integration in West Africa: a theoretical exposition, Journal of Economics and Social Thought, 5: 3-7.

SOTAMENOU J, NEHGWELAH G.,2018, Impact of free trade on Agriculture: evidence From Cameroun, Journal of Smart Economic Growth, 3(2): 55-70.

United Nations Conference on Trade and Development (UNCTAD), 2005, Rethinking the Role of FDI, Economic Development in Africa, Geneva: 53).

United Nations Conference on Trade and Development, 2019, Volume of FDI to West Africa in the Past 10 years, UN, New York.

Otwartość handlu, bezpośrednie inwestycje zagraniczne i zrównoważone rolnictwo w Afryce. (2022). Problemy Ekorozwoju , 17(1), 246-255. https://doi.org/10.35784/pe.2022.1.22

##plugins.themes.bootstrap3.article.sidebar##

Numer Tom 17 Nr 1 (2022)

Archiwum

##plugins.themes.bootstrap3.article.main##

Authors

Abstrakt

Słowa kluczowe:

Bibliografia

##plugins.themes.bootstrap3.article.details##

Licencja