Beta
188469

Causal Relationship between Gross Domestic Product and Agricultural Production in Libya (1970-2012)

Article

Last updated: 05 Jan 2025

Subjects

-

Tags

Agricultural economics

Abstract

This paper is empirically investigated the causal relationships between gross domestic product and agricultural production in Libya by using annual time series data during the period (1970 to 2012). Granger causality, cointegration, and error correction techniques were used in order to determine the long run equilibrium relationship and the direction of the causality in both short run and long run. The cointegration test indicated the existence of long run equilibrium relationship between agricultural production and the Gross Domestic Product. The causality test based on error correction techniques indicated that there is an unidirectional causality relationship between agricultural production and the Gross Domestic Product in the short run. This result means that the agricultural sector in Libya is expected to play a major role in the future to determine the growth rate of the economy with further expected development of the agricultural sector.

DOI

10.21608/jalexu.2016.188469

Keywords

Causality, cointegration, GDP, Agricultural Production, Libya

Authors

First Name

Khaled

Last Name

Elbeydi

MiddleName

Ramadan

Affiliation

Agricultural Economics Department - Faculty of Agriculture - University of Tripoli - Tripoli-Libya

Email

khaled712001@yahoo.com

City

-

Orcid

-

Volume

21

Article Issue

1

Related Issue

26004

Issue Date

2016-03-01

Receive Date

2016-01-17

Publish Date

2016-03-31

Page Start

40

Page End

47

Print ISSN

1110-5585

Online ISSN

2785-9525

Link

https://jalexu.journals.ekb.eg/article_188469.html

Detail API

https://jalexu.journals.ekb.eg/service?article_code=188469

Order

4

Type

Research papers

Type Code

1,789

Publication Type

Journal

Publication Title

Journal of the Advances in Agricultural Researches

Publication Link

https://jalexu.journals.ekb.eg/

MainTitle

Causal Relationship between Gross Domestic Product and Agricultural Production in Libya (1970-2012)

Details

Type

Article

Created At

23 Jan 2023