Sustainability of Industrialization and Agricultural Policies: Evidence from Developing Countries

Abstract

Purpose – The purpose of this paper is to investigate sustainability of industrialization and agricultural policies among 129 developing countries.

Design/methodology/approach – The study utilizes panel data from the period 1986 to 2016 and Cox proportional hazard model for the analysis.

Findings – The results of the study indicate that, the establishment of commodity exchange markets will help towards sustainability of agricultural policies. Whiles the implementation of protectionism measures will help towards sustainability of industrialization policies.

Practical implications: ­- Governments among developing countries should work towards establishment of commodity exchange markets for sustainability of agricultural policies. There is also the need for implementation of protectionism measures and establishment of statutory funding in their budgets for industrialization policies to achieve sustainability.

Originality/value – Previous studies carried out focused on either industrialization policies or agricultural policies sustainability for developed and developing countries. This study fills the gap in existing empirical studies by focusing on both industrialization and agricultural policies sustainability for developing countries.

Keywords: Industrialization policies, Agricultural policies, Commodity Exchange Markets, Industrialization Policy Bank, Industrial Park.

DOI: 10.7176/JESD/13-20-06

Publication date:October 31^st 2022