The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries.

In many developing countries, the deficiency in public and private investment has resulted in lower growth rates and stagnation in productivity. The need for a new paradigm of foreign investment and aid in agricultural production is becoming exigent in developing countries. Given the decline in per...

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Autores principales:	Guoping Ding, Prince Asare Vitenu-Sackey, Wenshu Chen, Xiaofeng Shi, Jun Yan, Shichen Yuan
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/afe61dcb5f264169bcb25b7375639b25
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spelling	oai:doaj.org-article:afe61dcb5f264169bcb25b7375639b252021-12-02T20:06:25ZThe role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries.1932-620310.1371/journal.pone.0255186https://doaj.org/article/afe61dcb5f264169bcb25b7375639b252021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0255186https://doaj.org/toc/1932-6203In many developing countries, the deficiency in public and private investment has resulted in lower growth rates and stagnation in productivity. The need for a new paradigm of foreign investment and aid in agricultural production is becoming exigent in developing countries. Given the decline in per capita arable land, the rise in production costs, and the increase in population and urbanization, major changes in agriculture have been proposed to boost agricultural production. This present study endeavours to contribute to the existing literature by proving whether foreign capital and economic freedom could catapult food production into the much-anticipated growth. In that regard, we performed GLS with correlated disturbances, system GMM dynamic panel data estimators and D-H causality test. The study found that foreign capital as a whole plays a positive role in food production in developing and least developed countries, but FDI is insignificant in least-developed countries. Moreover, economic freedom plays a positive role in food production in least-developed countries but negative in developing countries. Policymakers and governments should create an enabling environment for sustainable food production.Guoping DingPrince Asare Vitenu-SackeyWenshu ChenXiaofeng ShiJun YanShichen YuanPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 7, p e0255186 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Guoping Ding Prince Asare Vitenu-Sackey Wenshu Chen Xiaofeng Shi Jun Yan Shichen Yuan The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries.
description	In many developing countries, the deficiency in public and private investment has resulted in lower growth rates and stagnation in productivity. The need for a new paradigm of foreign investment and aid in agricultural production is becoming exigent in developing countries. Given the decline in per capita arable land, the rise in production costs, and the increase in population and urbanization, major changes in agriculture have been proposed to boost agricultural production. This present study endeavours to contribute to the existing literature by proving whether foreign capital and economic freedom could catapult food production into the much-anticipated growth. In that regard, we performed GLS with correlated disturbances, system GMM dynamic panel data estimators and D-H causality test. The study found that foreign capital as a whole plays a positive role in food production in developing and least developed countries, but FDI is insignificant in least-developed countries. Moreover, economic freedom plays a positive role in food production in least-developed countries but negative in developing countries. Policymakers and governments should create an enabling environment for sustainable food production.
format	article
author	Guoping Ding Prince Asare Vitenu-Sackey Wenshu Chen Xiaofeng Shi Jun Yan Shichen Yuan
author_facet	Guoping Ding Prince Asare Vitenu-Sackey Wenshu Chen Xiaofeng Shi Jun Yan Shichen Yuan
author_sort	Guoping Ding
title	The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries.
title_short	The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries.
title_full	The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries.
title_fullStr	The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries.
title_full_unstemmed	The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries.
title_sort	role of foreign capital and economic freedom in sustainable food production: evidence from dld countries.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/afe61dcb5f264169bcb25b7375639b25
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The role of foreign capital and economic freedom in sustainable food production: Evidence from DLD countries.

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