Agriculture and growth in Oceania

Azmat Gani, Jehad Yasin

Research output: Contribution to journalArticle

Abstract

This article examines the contribution of agriculture to the economic growth of countries in the Oceania region. The empirical analysis is based on a Cobb-Douglas production function. The estimation methodology follows a combined time-series and cross-sectional form using annual data for the period 1994 to 2006. The major finding of this article is that agricultural growth contributes to overall economic growth of countries in Oceania. In terms of the potential contributors to agricultural expansion, a positive and statistically significant influence of growth in output on the growth of the agricultural sector is confirmed; while a positive effect of government spending on the agricultural sector is also confirmed. The empirical evidence presented in this article leads to the suggestion that agriculture in Oceania ought to be given priority in terms of its long-term development through investment in physical and institutional infrastructure, market access, financial support, skill development and investment incentives.

Original languageEnglish
Pages (from-to)403-422
Number of pages20
JournalPerspectives on Global Development and Technology
Volume13
Issue number4
DOIs
Publication statusPublished - 2014

Fingerprint

Oceania
Agriculture
Economic Development
agriculture
agricultural sector
economic growth
Growth
investment incentive
Financial Support
production function
empirical analysis
time series
Motivation
incentive
infrastructure
market
methodology
evidence

Keywords

  • Agriculture
  • Cobb-Douglas production
  • Food
  • Growth
  • Oceania

ASJC Scopus subject areas

  • Political Science and International Relations
  • Development
  • Geography, Planning and Development

Cite this

Agriculture and growth in Oceania. / Gani, Azmat; Yasin, Jehad.

In: Perspectives on Global Development and Technology, Vol. 13, No. 4, 2014, p. 403-422.

Research output: Contribution to journalArticle

Gani, Azmat ; Yasin, Jehad. / Agriculture and growth in Oceania. In: Perspectives on Global Development and Technology. 2014 ; Vol. 13, No. 4. pp. 403-422.
@article{8e530a6c700047dabddcdb2e0bca12b4,
title = "Agriculture and growth in Oceania",
abstract = "This article examines the contribution of agriculture to the economic growth of countries in the Oceania region. The empirical analysis is based on a Cobb-Douglas production function. The estimation methodology follows a combined time-series and cross-sectional form using annual data for the period 1994 to 2006. The major finding of this article is that agricultural growth contributes to overall economic growth of countries in Oceania. In terms of the potential contributors to agricultural expansion, a positive and statistically significant influence of growth in output on the growth of the agricultural sector is confirmed; while a positive effect of government spending on the agricultural sector is also confirmed. The empirical evidence presented in this article leads to the suggestion that agriculture in Oceania ought to be given priority in terms of its long-term development through investment in physical and institutional infrastructure, market access, financial support, skill development and investment incentives.",
keywords = "Agriculture, Cobb-Douglas production, Food, Growth, Oceania",
author = "Azmat Gani and Jehad Yasin",
year = "2014",
doi = "10.1163/15691497-12341309",
language = "English",
volume = "13",
pages = "403--422",
journal = "Perspectives on Global Development and Technology",
issn = "1569-1500",
publisher = "Brill",
number = "4",

}

TY - JOUR

T1 - Agriculture and growth in Oceania

AU - Gani, Azmat

AU - Yasin, Jehad

PY - 2014

Y1 - 2014

N2 - This article examines the contribution of agriculture to the economic growth of countries in the Oceania region. The empirical analysis is based on a Cobb-Douglas production function. The estimation methodology follows a combined time-series and cross-sectional form using annual data for the period 1994 to 2006. The major finding of this article is that agricultural growth contributes to overall economic growth of countries in Oceania. In terms of the potential contributors to agricultural expansion, a positive and statistically significant influence of growth in output on the growth of the agricultural sector is confirmed; while a positive effect of government spending on the agricultural sector is also confirmed. The empirical evidence presented in this article leads to the suggestion that agriculture in Oceania ought to be given priority in terms of its long-term development through investment in physical and institutional infrastructure, market access, financial support, skill development and investment incentives.

AB - This article examines the contribution of agriculture to the economic growth of countries in the Oceania region. The empirical analysis is based on a Cobb-Douglas production function. The estimation methodology follows a combined time-series and cross-sectional form using annual data for the period 1994 to 2006. The major finding of this article is that agricultural growth contributes to overall economic growth of countries in Oceania. In terms of the potential contributors to agricultural expansion, a positive and statistically significant influence of growth in output on the growth of the agricultural sector is confirmed; while a positive effect of government spending on the agricultural sector is also confirmed. The empirical evidence presented in this article leads to the suggestion that agriculture in Oceania ought to be given priority in terms of its long-term development through investment in physical and institutional infrastructure, market access, financial support, skill development and investment incentives.

KW - Agriculture

KW - Cobb-Douglas production

KW - Food

KW - Growth

KW - Oceania

UR - http://www.scopus.com/inward/record.url?scp=84905283667&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84905283667&partnerID=8YFLogxK

U2 - 10.1163/15691497-12341309

DO - 10.1163/15691497-12341309

M3 - Article

AN - SCOPUS:84905283667

VL - 13

SP - 403

EP - 422

JO - Perspectives on Global Development and Technology

JF - Perspectives on Global Development and Technology

SN - 1569-1500

IS - 4

ER -