The role of agriculture growth and poverty to aiding Fdi in agriculture inflows amongst low income economies organization of Islamic cooperation (OIC) countries
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 es...
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my.uum.repo.282002021-02-18T02:23:10Z http://repo.uum.edu.my/28200/ 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 Abu Bakar, Nor'Aznin HC Economic History and Conditions 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. International Journal of Scientific & Technology Research 2020 Article PeerReviewed application/pdf en http://repo.uum.edu.my/28200/1/IJSTR%209%203%20%202020%201891%201894.pdf 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 http://www.ijstr.org/research-paper-publishing.php?month=mar2020 |
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HC Economic History and Conditions Abd Rashid, Intan Maizura Abu Bakar, Nor'Aznin The role of agriculture growth and poverty to aiding Fdi in agriculture inflows amongst low income economies organization of Islamic cooperation (OIC) countries |
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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. |
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Article |
author |
Abd Rashid, Intan Maizura Abu Bakar, Nor'Aznin |
author_facet |
Abd Rashid, Intan Maizura Abu Bakar, Nor'Aznin |
author_sort |
Abd Rashid, Intan Maizura |
title |
The role of agriculture growth and poverty to
aiding Fdi in agriculture inflows amongst low
income economies organization of Islamic cooperation (OIC) countries |
title_short |
The role of agriculture growth and poverty to
aiding Fdi in agriculture inflows amongst low
income economies organization of Islamic cooperation (OIC) countries |
title_full |
The role of agriculture growth and poverty to
aiding Fdi in agriculture inflows amongst low
income economies organization of Islamic cooperation (OIC) countries |
title_fullStr |
The role of agriculture growth and poverty to
aiding Fdi in agriculture inflows amongst low
income economies organization of Islamic cooperation (OIC) countries |
title_full_unstemmed |
The role of agriculture growth and poverty to
aiding Fdi in agriculture inflows amongst low
income economies organization of Islamic cooperation (OIC) countries |
title_sort |
role of agriculture growth and poverty to
aiding fdi in agriculture inflows amongst low
income economies organization of islamic cooperation (oic) countries |
publisher |
International Journal of Scientific & Technology Research |
publishDate |
2020 |
url |
http://repo.uum.edu.my/28200/1/IJSTR%209%203%20%202020%201891%201894.pdf http://repo.uum.edu.my/28200/ http://www.ijstr.org/research-paper-publishing.php?month=mar2020 |
_version_ |
1692994207698911232 |
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13.18916 |