The Impact of Macroeconomic Variables on Agricultural Sector Exports in Emerging Economies of the BRICs and Iran
Subject Areas : Agriculture Marketing and Commercialization
Keywords: inflation rate, Agricultural Exports, Real Exchange Rates, Net Export to GDP Ratio, BRICs Agreement,
Abstract :
The main purpose of this study is to investigate the impact of economic variables on agricultural exports in emerging economies of the BRICs and Iran during the period 2009 to 2018. Therefore, in the first step, after presenting theoretical studies and research background, the econometric model of research is introduced. Accordingly, we consider the real agricultural export variable as a function of real exchange rate, inflation rate, as well as the ratio of total export to real GDP, and estimate by fixed effects method. The estimation results show that the variables of real exchange rate and net export to GDP ratio have a positive and significant effect on the real export rate of agricultural sector. On the other hand, in this study, the negative and significant effect of inflation rate on the amount of real agricultural export was also found. At the end, research suggestions and suggestions for future studies are provided.