Global Journal of Human Social Science, E: Economics, Volume 23 Issue 3

Ln(L) 2/87 (0.543) 0.856 (0.561) --------- 8.67 (0.006)*** Ln(X) 0.099 (0.945) 5.978 (0.039)** 0.267 (0.734) ------- 2 1 Ln(Y) ------ 3.785 (0.459) 2.345 (0.456) 0.845 (0.528) Ln(K) 2.754 (0.564) ------- 3.765 (0.453) 2.348 (0.654) Ln(L) 8.543 (0.027)** 17.012 (0.001)*** -------- 0.532 (0.765) Ln(X) 0.067 (0.797) 7.386 (0.038)** 1.876 (0.510) -------- 3 1 Ln(Y) ------ 3/799 (0.3865) 6.289 (0.239) 8.156 (0.073)* Ln(K) 2.453 (0.810) ------ 3.654 (0.512) 0.884 (0.642) Ln(L) 2.651 (0.803) 5/875 (0.497) ------- 2.43 (0.634) Ln(X) 2.740 (0.705) 9.507 (0.024)** 6.456 (0.238) ------- Notes: The reported statistics are Chi-squares. Values in brackets are p-values. k is the number of lags in the level VAR and dmax is the maximum integration order of the variables. The selection of k is based on the SC criterion. ***, ** and * = significance at 1%, 5% and 10%. Sources: Author 2022 Results Following Toda and Yamamoto’s approach, there is a unidirectional causality from exports to economic growth in the short and long run. However, these results also indicate that in the short and long run there is a unidirectional causality from exports, capital stock and economic growth to labour, on the one hand, and from capital stock to exports on the other. In the light of these results, it is appropriate to conclude that there is a unidirectional causality from exports to economic growth in the short and long term for Benin. IV. C onclusion and E conomic I mplications The impact of agricultural exports on economic growth varies from country to country and is often very uncertain. In Benin, for example, proximity to Nigeria is an asset for the Beninese economy in the perspective of shared co-prosperity. Moreover, the rules of international trade are weakened by uncertain events that expose comparative advantages. Agricultural supply factors are very important, as they constitute a lever for boosting sectoral growth rates through general equilibrium mechanisms. Agricultural export price policies can have a long-term impact on the structure of an economy. Agricultural incentive policies can lead to an increase in the agricultural growth rate, exchange rate policies can also have an impact on economic growth in southern countries such as Benin. Our results show that capital stock, labour and agricultural exports are likely to promote economic growth in Benin. However, the importance of primary products in Benin’s exports © 2023 Global Journals Volume XXIII Issue III Version I 8 Global Journal of Human Social Science - Year 2023 ( )E Analysis of Agricultural Exports and Economic Growth in Benin