Exploring the Impact of Agricultural Biotechnology on Green Investment and Economic Growth: A Comparative Study Under the RCEP Framework

Abstract

These days, countries are increasingly recognising the need for economic growth and green investment in response to significant environmental degradation. This aspect requires recent studies and policymakers' attention. This paper examines the effects of agricultural biotechnology on green investment and economic growth in China, specifically within the framework of the Regional Comprehensive Economic Partnership (RCEP). The study collected secondary data on China from 2003 to 2022 from the World Development Indicators (WDI). The study examines the relationship between agricultural biotechnology, green investment, and economic growth using an autoregressive distributed lag model (ARDL). It then conducts empirical analysis and verification to support its findings. The findings suggest a strong correlation between agricultural biotechnology, green investment, and economic growth in China. The study assists policymakers in formulating policies that promote green investment and economic growth by utilizing efficient agricultural biotechnology.