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The role of agriculture growth and poverty to aiding Fdi in agriculture inflows amongst low income economies organization of Islamic cooperation (OIC) countries

Abd Rashid, Intan Maizura and Abu Bakar, Nor'Aznin (2020) The role of agriculture growth and poverty to aiding Fdi in agriculture inflows amongst low income economies organization of Islamic cooperation (OIC) countries. International Journal of Scientific and Technology Research, 9 (3). pp. 1891-1894. ISSN 2277-8616

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Abstract

Unlike previous studies, this study not only captured the degree of the links of FDI, economic growth and POV but also inspected the relationship between overall FDI in agriculture (FDIA) with Agriculture Growth (AG) and Poverty(POV) specifically. This study was also novel in employing a two-step estimation method using a dynamic GMM estimator to explore the role of AG and POV to aiding FDIA, instead of using only a static panel data estimator. The findings show that the effectiveness of FDIA in promoting AG and reducing POV is debatable. The results merely demonstrate that the FDIA in high income OIC economies needs to be modified further to reduce POV by planning an effective FDIA system through policymaking and attracting more foreign investors. AG and Market size agriculture (MSA) were the factors that had the most influence on FDIA, especially in the OIC low income OIC economies. In contrast, the negative and significant coefficients were POV and unemployment rate (UR). Lastly, the other independent agriculture sector variables, such as MSA, trade openness (TOA) and human capital agriculture (HCA), were all significant and were confirmed as determinants of FDIA in all of the low income OIC countries.

Item Type: Article
Uncontrolled Keywords: Agriculture Growth, Poverty, FDI in Agriculture Inflows, Low Income OIC Countries, static panel data, dynamic panel data
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 18 Feb 2021 02:23
Last Modified: 18 Feb 2021 02:23
URI: https://repo.uum.edu.my/id/eprint/28200

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