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Research Paper | Agricultural Economics | Libya | Volume 11 Issue 9, September 2022 | Popularity: 5.7 / 10
Agricultural Exports and Agricultural GDP Causal Relationship in Libya
Fouzi Salih Faraj
Abstract: The study examines the causal relationship between agricultural export and agricultural GDP in Libya during the period 2000-2018. Augmented Dickey Fuller (ADF) for stationarity test Augmented Dickey Fuller (ADF), Johansen test for Co-integration, and Vector Error Correction Model (VECM) were used. The causality findings show that there is a bi-directional causal relationship between agricultural export and agricultural GDP in long-run. Moreover, in short-run causality show that there is a uni-directional causal relationship flowing from agricultural GDP to agricultural export. The long-run causality result implies that agricultural export policies will boost the agricultural development of Libyan.
Keywords: Agricultural Export, Agricultural GDP, Causality, Vector Error Correction Model
Edition: Volume 11 Issue 9, September 2022
Pages: 107 - 111
DOI: https://www.doi.org/10.21275/SR22829234040
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