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Economic Performance of Forest Plantations in Asian Countries
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Economic Performance of Forest Plantations in Asian Countries
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Journal Article
Economic Performance of Forest Plantations in Asian Countries
2024
Overview
In Asian countries, forest plantations increased dramatically during the 1990s. Most earlier studies mainly focused on how forest plantations influenced certain aspects of rural livelihoods. The macroeconomic effects of forest plantations on Asia’s GDP per capita are the main focus of this study. The impact of forest plantation on GDP per capita was estimated using data from 1990 to 2019 using the augmented mean group (AMG) and common correlated effects mean group (CCEMG) estimators. The study’s findings demonstrate that a variety of factors, including total exports (TEXP), agricultural growth (AGR), foreign direct investment (FDI), and forest plantations (FP), all have a positive and significant impact on the GDP per capita of Asian countries. The causality test results also show a bidirectional association between forest plantations and FDI and a unidirectional relationship between forest plantations and GDP per capita. According to this study, Asian countries can raise their GDP per capita by promoting forest plantations, which have considerable environmental benefits for the region’s economies’ long-term development.
Publisher
Springer US,Springer Nature B.V
