Study on the Factors that Stimulate Agricultural Exportation in the Largest Producing Countries of Agricultural Commodities

Sadik Aden Dirir^1,

¹Faculty of Law, Economics and Management, University of Djibouti, Djibouti City, Djibouti

Cite this paper:
Sadik Aden Dirir. Study on the Factors that Stimulate Agricultural Exportation in the Largest Producing Countries of Agricultural Commodities. Journal of Applied Agricultural Economics and Policy Analysis. 2022; 5(1):19-24. doi: 10.12691/jaaepa-5-1-3

Abstract

Trade is a key driver of economic expansion, food security, the eradication of poverty, and global development. Because it entails agreements, discussions, and deals between member nations across a range of socioeconomic borders, it is additionally a complicated and delicate topic for policymaking. In the context of agriculture, a sector that heavily depends on ecological and social dynamics, trade challenges become more challenging in that specific sector. As a result, this paper analyzes the factors that stimulate agricultural exportation in the largest producing countries of agricultural commodities. Therefore, panel data from 16 countries (Mexico, Ukraine, Iran, Russia, Chile, China, Brazil, India, Turkey, USA, South Africa, Japan, Australia, Peru, New Zealand, and Canada) from the period 2002 until 2022 was performed. In addition to that, a handful of variables such as Agricultural raw material export, Agricultural irrigated land, Agricultural land, Agriculture, forestry, and fishing added value, Annual freshwater withdrawals in agriculture, Employment in agriculture, Food Production, Rural population, and Arable land are chosen to carry on with the investigation. With that in mind, we find that most of the variables have a notable and significant impact on agricultural exports throughout all the models, with the exception of agricultural irrigated land and annual freshwater withdrawals in agriculture. Finally, the study will offer nations some evidence to support the agricultural sector and effective policies to encourage the export of agricultural products.

Keywords:
agricultural commodities economics exportation policies panel data

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