Nexus Between Investment and Agricultural Growth in The Democratic Republic of Congo: Cointegration, Short-Run Dynamics and Causality

• Autorzy: Luka Lusungu , Joseph Chisasa
• Języki publikacji: EN

Abstrakty

EN

This paper aims to assess the impact of agricultural investment on agricultural output in the Democratic Republic of Congo using secondary data for the period 1980 to 2019. Using the Johansen and Jusseleus cointegration test, agricultural investment and agricultural output were observed to have a statistically significant long-run relationship. Additionally, the error correction model (ECM) shows that the short-run coefficient of agricultural investment has a statistically significant positive impact on agricultural output, implying that investment (machine, infrastructure etc.) does spur agricultural output in the Democratic Republic of Congo. The results show the presence of unidirectional causality between agricultural output toward agricultural investment. It was also observed that unidirectional causality from labour force to agricultural investment, labour force to education and agricultural investment to land use and a bi-directional causality between land use and labour force exists. The paper concludes that an increase in investment in the agricultural sector will result in agricultural output in the Democratic Republic of Congo.

Słowa kluczowe

EN

Agriculture development; Investments in agriculture; Democratic society

PL

Rozwój rolnictwa; Inwestycje w rolnictwie; Społeczeństwo demokratyczne

• Czasopismo: Journal of Agribusiness and Rural Development
• Rocznik: 2023
• Numer: z. 2 (68)
• Strony: 150--156

Twórcy

autor

Luka Lusungu

• University of South Africa, South Africa

autor

Joseph Chisasa

• University of South Africa, South Africa

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Identyfikatory

DOI

10.17306/J.JARD.2023.01664