Volume 2, Issue 5, September 2017, Page: 154-159
The Role of Honey Production in Economic Growth: Evidence from a Panel of Major Global Producers
Nicholas Apergis, Department of Banking and Financial Management, University of Piraeus, Piraeus, Greece
Sofia Eleftheriou, Department of Business Administration, University of Piraeus, Piraeus, Greece
Received: Aug. 4, 2017;       Accepted: Sep. 1, 2017;       Published: Oct. 12, 2017
DOI: 10.11648/j.ijae.20170205.13      View  2141      Downloads  188
This paper investigates the contribution of honey production to economic growth. Considering a sample of the major honey producers coming from the Americas, Eastern and European groups, as well as by taking advantage of panel methodological approaches, the empirical analysis documents that honey production could serve as an engine of growth. The results also highlight that the honey industry seems to stronger contribute to economic growth in the case of the Eastern group followed by the Americas and European groups.
Honey Production, Economic Growth, Major Global Honey Producers, Panel Data
To cite this article
Nicholas Apergis, Sofia Eleftheriou, The Role of Honey Production in Economic Growth: Evidence from a Panel of Major Global Producers, International Journal of Agricultural Economics. Vol. 2, No. 5, 2017, pp. 154-159. doi: 10.11648/j.ijae.20170205.13
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Azariadis, C., and Drazen, A. (1990) Threshold Externalities in Economic Development. Quarterly Journal of Economics, 105, 501-526.
Auteri, M., and Constantini, M. (2005) Intratemporal Substitution and Government Spending: Unit Root and Cointegration Tests in a Cross Section Correlated Panel. 17th Conference Paper, SocietaItaliana di economiapubblica, Pavia, Universita.
Banks, J., and Marsden, T. (2000) Integrating Agri-Environment Policy, Farming Systems and Rural Development in Wales. Sociologia Ruralis, 440, 438-466.
Barro, R. J. (1990) Government Spending in a Simple Model of Endogenous Growth. Journal of Political Economy, 98, 103-125.
Berhe, M., Mirutse, G., Gebremedhin, B. 2013. Identifying beekeepers’ adaptation strategies in response to climate change in Tigray, Ethiopia. Journal of Agricultural Research 2, 155-159.
Byerlee D. (2000) Targeting Poverty Alleviation in Priority Setting for Agricultural Research. Food Policy, 25, 429-445.
Duncan, C. M. (2005) Why Poverty Persists in Appalachia. Retrieved from: http://www.pbs.org/wgbh/pages/frontline/countryboys/readings/duncan.html.
Frankel, J., and Romer, D. (1999) Does Trade Cause Growth? American Economic Review, 89, 379-399.
Gomez, M. A. (2007) Fiscal Policy, Congestion, and Endogenous Growth. Journal of Public Economic Theory, 10, 595-622.
Kapetanios, G., Pesaran, M. H., and Yamagata, T. (2011) Panels with Non-Stationary Multifactor Error Structures. Journal of Econometrics, 160, 326-348.
Karras, G. (2008) Trade Openness and Economic Growth: Can we Estimate the Precise Effect? Applied Econometrics and International Development, 3, 7-25.
Klenow, P., and Rodriguez-Clare, A. (1997) Economic Growth, a Review Essay. Working Paper, University of Chicago.
Krell, R. (1996) Value-Added Products from Beekeeping. FAO Agricultural Science Bulletin, 56-78.
Legesse, G. Y. 2014. Beeswax production and marketing in Ethiopia: challenges in value chain. Agriculture, Forestry and Fisheries 3, 447-451.
Paterson, P. D. (2006) The Tropical Agriculturalist: Beekeeping. Wageningen: Macmillan Publishers Limited.
Pesaran, M. H. (2007) A Simple Panel Unit Root Test in the Presence of Cross-Section Dependence. Journal of Applied Econometrics, 22, 265-312.
Pesaran, M. H. (2006) Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure. Econometrica, 74, 967-1012.
Pesaran, M. H. (2004) General Diagnostic Tests for Cross Section Dependence in Panels. Cambridge Working Papers in Economics, No. 435 and CESifo Working Paper, No. 1229.
Phillips, P. C. B., and Sul, D. (2003) Dynamic Panel Estimation and Homogeneity Testing under Cross Section Dependence. The Econometrics Journal, 6, 217-259.
Rebelo, S. (1991) Long-Run Policy Analysis and Long-Run Growth. Journal of Political Economy, 99, 500-512.
Rephann, T. J. (2008) The Economic Impact of Agriculture and Forestry on the Commonwealth of Virginia. Working Paper, Weldon Cooper, Center for Public Service, University of Virginia.
Rosenberger, R. S., Gebremedhin, T. G., and Hailu, Y. (2002) An Economic Analysis of Urbanization of Agricultural Land in West Virginia. Research Paper, No. 2002-8, Division of Resources Management, West Virginia University.
Schiff, M., and Valdez, A. (1998) Agriculture and the Macroeconomy. In: Gardner, B., and Rausser, G. (Eds.), Handbook of Agricultural Economics. Amsterdam: Elsevier Science.
Thirtle, C., Lin, L., and Piesse, J. (2003) The Impact of Research-Led Agricultural Productivity Growth on Poverty Reduction in Africa, Asia and Latin America. World Development, 31, 1959-1975.
Tiffin, R., and Irz, X. (2006) Is Agriculture the Engine of Growth? Agricultural Economics, 35, 79-89.
Westerlund, J., (2008) Panel Cointegration Tests of the Fisher Effect. Journal of Applied Econometrics, 23, 193-233.
Yao, S., (2000) How Important is Agriculture in China's Economic Growth? Oxford Development Studies, 28, 33-49.
Young, A. (1991) Learning by Doing and the Dynamic Effects of International Trade. Quarterly Journal of Economics, 106, 369-406.
Browse journals by subject