Hassan, M., Younis, M., Elghannam, A. (2024). The Relationship between External Debt and Agricultural Growth in Three Developing Economies using Panel ARDL. Alexandria Journal of Agricultural Sciences, 69(4), 530-536. doi: 10.21608/alexja.2024.330153.1101
Mai M Hassan; Mohamed Younis; Ahmed Elghannam. "The Relationship between External Debt and Agricultural Growth in Three Developing Economies using Panel ARDL". Alexandria Journal of Agricultural Sciences, 69, 4, 2024, 530-536. doi: 10.21608/alexja.2024.330153.1101
Hassan, M., Younis, M., Elghannam, A. (2024). 'The Relationship between External Debt and Agricultural Growth in Three Developing Economies using Panel ARDL', Alexandria Journal of Agricultural Sciences, 69(4), pp. 530-536. doi: 10.21608/alexja.2024.330153.1101
Hassan, M., Younis, M., Elghannam, A. The Relationship between External Debt and Agricultural Growth in Three Developing Economies using Panel ARDL. Alexandria Journal of Agricultural Sciences, 2024; 69(4): 530-536. doi: 10.21608/alexja.2024.330153.1101
The Relationship between External Debt and Agricultural Growth in Three Developing Economies using Panel ARDL
1Economics and Agribusiness Department, Faculty of Agriculture, Alexandria University
2Agricultural Economics, Extension, and Rural Development, Faculty of Agriculture, Damanhour University, Egypt
Receive Date: 24 October 2024,
Revise Date: 09 November 2024,
Accept Date: 13 November 2024
Abstract
This study explores the complex interplay between external debt, government expenditures in Agriculture, agricultural investment, and economic growth in three developing countries (Egypt, Pakistan, and Argentina). The study uses data from the Agriculture Orientation Index, External Debt, Agricultural Capital formation coefficient, Agricultural Credit, and Agricultural Gross Domestic Product covering the period from 2002 to 2022 from the three developing countries to examine the long-run relationships between these variables. The results suggest that external debt might have a negative impact on real AGDP in the long term. On the other hand, the research finds a positive relationship between agricultural credit access with real AGDP. The study also reveals that short-term imbalances are decreasing by about 4% which means that it would take 25 years to reach a state of equilibrium in the long term.
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