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394756

The Impact of the Exchange Rate on the Main Egyptian Agricultural Indicators

Article

Last updated: 26 Dec 2024

Subjects

-

Tags

بحوث علمية متخصصة في الاقتصاد الزراعي.

Abstract

Many changes have taken place in Egypt at various levels, whether political, economic, or social, in the last decade, especially after the 2011 revolution. One of these major changes was the decision to liberalize the Egyptian exchange rate against the US dollar that started in 2016. The liberalization of the Egyptian pound (EGP) has been a substantial and complicated process, defined by a succession of devaluations and reforms aimed at stabilizing the economy and tackling chronic challenges such as foreign currency shortages and inflation. However, this liberalization had a strong effect on the Egyptian food system since it is highly integrated with the global food system. The aim of this study is to highlight and investigate the impact of the liberalization of the exchange rate on the Egyptian agricultural sector using co-integration analysis. First unit root tests of Augmented Dickey-Fuller (ADF), and then Phillips Perron (PP). Co-integration tests using the Engle-Granger, and Johansen technique. The results showed that the impact of the exchange rate on the main agricultural indicators in Egypt as follows: increase in food prices, agriculture input prices, and agricultural import bills. The findings provide insight into adopting new reform and structural policies by Egyptian government, reallocating available agricultural resources, boosting local industries, and the necessity of directing more investments towards scientific research related to agricultural sector.

DOI

10.21608/meae.2024.335826.1341

Keywords

exchange rate, Agricultural Indicators, Unit Roots, Johansen Technique, Egypt

Authors

First Name

Ehab

Last Name

Ibrahim

MiddleName

-

Affiliation

قسم الاقتصاد الزراعي، كلية الزراعة، جامعة القاهرة

Email

ehab.ibrahim@agr.cu.edu.eg

City

-

Orcid

-

First Name

Fadi

Last Name

Abdelradi

MiddleName

-

Affiliation

قسم الاقتصاد الزراعي، كلية الزراعة، جامعة القاهرة

Email

fadi.abdelradi@agr.cu.edu.eg

City

-

Orcid

-

Volume

34

Article Issue

4

Related Issue

51691

Issue Date

2024-12-01

Receive Date

2024-11-12

Publish Date

2024-12-02

Page Start

1,373

Page End

1,387

Print ISSN

1110-6832

Online ISSN

2735-4040

Link

https://meae.journals.ekb.eg/article_394756.html

Detail API

https://meae.journals.ekb.eg/service?article_code=394756

Order

394,756

Type

أبحاث علمیة متخصصة فی الاقتصاد الزراعی

Type Code

1,466

Publication Type

Journal

Publication Title

المجلة المصرية للاقتصاد الزراعي

Publication Link

https://meae.journals.ekb.eg/

MainTitle

The Impact of the Exchange Rate on the Main Egyptian Agricultural Indicators

Details

Type

Article

Created At

26 Dec 2024