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The Performance of the Agricultural Economics in BRICS Countries

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The Agricultural Economics of the 21st Century

Abstract

Emergent economies such as the BRICS (Brazil, Russia, India, China, and South Africa) play an important role in the international economy. These countries are seen as areas of opportunity, not only for business but also for employment, predominantly nowadays with the economic and financial crisis in older developed regions, such as North America and Western Europe. The agricultural sector is determinant for the economic performance of these countries, namely because some of them are bigger, in terms of area and in terms of population. In this way it seems fundamental to analyze the dynamics of this sector in those countries and investigate the factors which influence their farming outputs. Considering data from the World Bank (Several statistics; 2014), for the period from 1961 to 2012, and the traditional function of production, this statistical information was analyzed with time series econometric techniques. The several analyses performed show that the contexts are very diverse among the different BRICS countries.

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Correspondence to Vítor João Pereira Domingues Martinho .

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Martinho, V.J.P.D. (2015). The Performance of the Agricultural Economics in BRICS Countries. In: Martinho, V. (eds) The Agricultural Economics of the 21st Century. Springer, Cham. https://doi.org/10.1007/978-3-319-09471-7_6

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