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Impact of economic globalisation on value-added agriculture, globally
Economic globalisation is the integration of national economies into the global economy through the increasing flow of goods, services, capital, and technology across borders and it has contributed to garnering a significant portion of most nations’ national income, although its agricultural value-a...
Autores principales: | , , , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10361532/ https://www.ncbi.nlm.nih.gov/pubmed/37478147 http://dx.doi.org/10.1371/journal.pone.0289128 |
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author | Sansika, Nadeena Sandumini, Raveesha Kariyawasam, Chamathka Bandara, Tharushi Wisenthige, Krishantha Jayathilaka, Ruwan |
author_facet | Sansika, Nadeena Sandumini, Raveesha Kariyawasam, Chamathka Bandara, Tharushi Wisenthige, Krishantha Jayathilaka, Ruwan |
author_sort | Sansika, Nadeena |
collection | PubMed |
description | Economic globalisation is the integration of national economies into the global economy through the increasing flow of goods, services, capital, and technology across borders and it has contributed to garnering a significant portion of most nations’ national income, although its agricultural value-added aspect has yet to be maximised. This pioneering study explores the impact of economic globalisation on value-added agriculture in a global context based on countries’ income levels. Panel data regression with the stepwise method was employed to quantify the impact of economic globalization on agriculture value added in 101 countries between 2000 and 2021. The findings of our study reveal that economic globalisation, through various channels such as fertilizer consumption, employment in agriculture, agriculture raw materials export and import, exchange rate, and foreign direct investment, significantly influences the agricultural value-added factor globally and across different income levels. Furthermore, the results show that agricultural employment significantly impacts the agricultural value-added factor globally and across all income levels. Also, countries with low and lower-middle-income levels significantly affect agricultural value-added due to exchange rates. In comparison, high-income and lower-middle-income levels have an impact due to foreign direct investment. Finally, the upper-middle-income countries have significantly affected agricultural value-added due to agricultural raw materials imports. This study confirms that employment in agriculture, exchange rate and foreign direct investments positively impact agriculture value-added on the global level and based on the income level of countries. |
format | Online Article Text |
id | pubmed-10361532 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-103615322023-07-22 Impact of economic globalisation on value-added agriculture, globally Sansika, Nadeena Sandumini, Raveesha Kariyawasam, Chamathka Bandara, Tharushi Wisenthige, Krishantha Jayathilaka, Ruwan PLoS One Research Article Economic globalisation is the integration of national economies into the global economy through the increasing flow of goods, services, capital, and technology across borders and it has contributed to garnering a significant portion of most nations’ national income, although its agricultural value-added aspect has yet to be maximised. This pioneering study explores the impact of economic globalisation on value-added agriculture in a global context based on countries’ income levels. Panel data regression with the stepwise method was employed to quantify the impact of economic globalization on agriculture value added in 101 countries between 2000 and 2021. The findings of our study reveal that economic globalisation, through various channels such as fertilizer consumption, employment in agriculture, agriculture raw materials export and import, exchange rate, and foreign direct investment, significantly influences the agricultural value-added factor globally and across different income levels. Furthermore, the results show that agricultural employment significantly impacts the agricultural value-added factor globally and across all income levels. Also, countries with low and lower-middle-income levels significantly affect agricultural value-added due to exchange rates. In comparison, high-income and lower-middle-income levels have an impact due to foreign direct investment. Finally, the upper-middle-income countries have significantly affected agricultural value-added due to agricultural raw materials imports. This study confirms that employment in agriculture, exchange rate and foreign direct investments positively impact agriculture value-added on the global level and based on the income level of countries. Public Library of Science 2023-07-21 /pmc/articles/PMC10361532/ /pubmed/37478147 http://dx.doi.org/10.1371/journal.pone.0289128 Text en © 2023 Sansika et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Sansika, Nadeena Sandumini, Raveesha Kariyawasam, Chamathka Bandara, Tharushi Wisenthige, Krishantha Jayathilaka, Ruwan Impact of economic globalisation on value-added agriculture, globally |
title | Impact of economic globalisation on value-added agriculture, globally |
title_full | Impact of economic globalisation on value-added agriculture, globally |
title_fullStr | Impact of economic globalisation on value-added agriculture, globally |
title_full_unstemmed | Impact of economic globalisation on value-added agriculture, globally |
title_short | Impact of economic globalisation on value-added agriculture, globally |
title_sort | impact of economic globalisation on value-added agriculture, globally |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10361532/ https://www.ncbi.nlm.nih.gov/pubmed/37478147 http://dx.doi.org/10.1371/journal.pone.0289128 |
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