The role of agriculture growth, technological innovation, and forest cover toward economic development: Evidence from Vietnam

Authors

  • Ho Thi Hien Nghe An University of Economics (NAUE), Vinh City, Viet Nam
  • Bui Thi Minh Nguyet Vietnam National University of Forestry (VNUF), Xuan Mai, Ha Noi, Vietnam
  • Nguyen Van Song Viet Nam National University of Agriculture (VNUA), Ha Noi, Viet Nam
  • Dao Thu Tra Hong Duc University (HDU), Thanh Hoa City, Viet Nam
  • Nguyen Cong Tiep Viet Nam National University of Agriculture (VNUA), Ha Noi, Viet Nam
  • Thai Van Ha Ha Noi University of Business and Technology (HUBT), Ha Noi, Viet Nam

Keywords:

Technological innovations; agriculture growth; forest cover; economic development; FMOLS; DOLS; Canonical Co-integration regression.

Abstract

This study investigates the influence of agricultural expansion, technological innovation, and forest cover on Vietnam's economic development. To accomplish this, the research considers data from 1990 to 2020. Empirical estimation utilizes the Augmented Dickey-Fuller (ADF) test for unit root testing, the Johansen Juselius test for co-integration, and the Fully Modified Ordinary Least Square (FMOLS), Dynamic Ordinary Least Square (DOLS), and Canonical Co-integration Regression (CCR) for long run coefficient estimation. In CCR, FMOLS, and DOLS regressions, the study reveals a significant and positive impact of forest cover and technological innovations on economic development, whereas agriculture growth has no significant impact on economic development in Vietnam across all three specifications. The study recommends that the government formulate and implement stringent policies to preserve forest wealth and promote research and development activities to achieve sustainable economic development.

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Published

2023-07-16

Issue

Vol. 25 No. 1 (2023): AgBioForum, Volume 25, Number 1, 2023

Section

Original Article