Agric. Econ. - Czech, 2019, 65(8):385-393 | DOI: 10.17221/283/2018-AGRICECON
Do coffee exports have impact on long-term economic growth of countries?Original Paper
- 1 School of Economics and Management, Beijing Forestry University, Beijing, China
- 2 Department of Urban and Rural Development, Swedish University of Agricultural Sciences, Uppsala, Sweden
The present paper aims to investigate the impact of coffee exports on long-term economic growth in an open economy for 32 countries exporting coffee over the period of 1994-2013. The study applied a dynamic panel Auto-Regressive Distributive Lag (ARDL) modelling approach with estimators. All variables involved in the specified model were found to be stationary of order I (1) at a first difference. The Pooled Mean-Group (PMG) long-run results suggest the presence of a significant positive effect of coffee exports on economic growth. The empirical findings of the study suggest policy implications, promoting the coffee sector to boost the countries' economy.
Keywords: coffee exportation; coffee-exporting countries; dynamic panel Auto-Regressive Distributive Lag (ARDL); Gross Domestic Product (GDP) growth; long-run
Published: August 31, 2019 Show citation
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