How much money grows on trees: case of Asian Region

Bilal Mehmood, Abida Ramzan

Abstract


Growth Empirics use novel factors of growth in latest research. We used such a factor in forestry. We investigated the causal relationship between forestry and economic growth for a sample of selected Asian countries. We used data on forest products and other relevant variables for the time period 2000-2012 using homogeneous slope panel data model system GMM estimator. Results show the presence of such causal relationship between forestry and economic growth. Existence of causality is also checked using Panel Granger causality between concerned variables.


Keywords


forestry products; forest exports, timber; system GMM; panel Granger causality; sustainable forest management

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