Fouzi Salih Faraj*(1)
(1) Dept of Agricultural Economics, Faculty of Agriculture, University of Benghazi, Benghazi, Libya.
(*Corresponding author: Fouzi Salih Faraj Email: salehfara1981@yahoo.com)
Received:20/05/2022 Accepted:25/08/2022
Abstract:
The study aimed to estimate the effect of some variables on agricultural GDP in Libya. An Autoregressive Distributed Lag (ARDL) during the period (1999-2019) was used. Initially Phillips Perron test is used and it concluded that agricultural GDP, agricultural capital formation (ACF), and agricultural labour are found stationary at first difference I(1). Since another variable namely agricultural area (ACA) is stationary at level I(0). For the co-integration test indicated that there is a co-integration between the study variables. The results of estimated coefficients in long run relationship reveal that the agricultural cultivated area and agricultural labour have a positive sign with agricultural GDP and non-significant influence. Likewise, agricultural capital formation is found to be a negative sign and not significant. In the short-run, the agricultural cultivated area and agricultural capital information have positively effect on agricultural GDP while, the labour coefficient has negative effect.
Keywords: Agricultural Cultivated Area; Agricultural Capital Formation; Agricultural Labour; Agricultural GDP; Con-integration; ARDL; Libya.
Full paper in English: pdf