1、3550 英文单词, 2万英文字符 , 中文 5950 字 文献出处: Toyin M E. Causality relationship between agricultural exports and economic growth: Evidence from South AfricaJ. Journal of Social Sciences, 2016, 48(1-2): 129-136. Causality Relationship between Agricultural Exports and Economic Growth: Evidence from South Africa
2、 Megbowon Ebenezer Toyin ABSTRACT This study examines the export-led growth hypothesis via agricultural export in South Africa. The causality direction between processed and unprocessed agricultural exports and economic growth is examined for the time period 1975-2012. The empirical investigation in
3、dicates that there is no existence of causality between the agricultural export components and GDP. Thus, export-led growth hypothesis through agricultural exports is not valid for the case of South Africa. The non-causality between agricultural export components and economic growth in South Africa
4、indicates that the level of agricultural export in the past was insufficient to stimulate economic growth, and the present economic growth in South Africa either does not exclusively rely on the level of processed and unprocessed agricultural export. Experienc ing an export-led growth from agricultu
5、ral sector, necessitates an increase in domestic and foreign investment, including agricultural export participation through strategic incentives. KEYWORDS: AFF; Export; Economic Growth; Causality; South Africa INTRODUCTION Economic growth is, undeniably, a key indicator reflecting the economic welf
6、are and status of any country, and it is an indispensable need for economic development. It is referred to as the sustained increase in the quantity of goods and services produced in a country over time. Economic growth earnings are expected to have a trickling down effect of providing monetary resources for embarking on developmental programmes in every country. It is therefore seen as a goal for any government to achieve and sustain. Amongst the macro-economic drivers of economic growth is