48th Global Summit on Biotechnology & Food Sciences
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Accepted Abstracts

Analysis and Evaluation of Asymmetric Impact of Economic, Institutional, and Environmental Variables of Achievement of Food Security in the GCC Countries 1992-2022: Evidence From Panel Linear and Nonlinear ARDL Model

Hassan Tawakol Ahmed Fadol*
College of Business Studies, Department of Econometrics, Sudan University of Science and Technology, Sudan.

Citation: Fadol HTA (2023) Analysis and Evaluation of Asymmetric Impact of Economic, Institutional, and Environmental Variables of Achievement of Food Security in the GCC Countries 1992-2022: Evidence From Panel Linear and Nonlinear ARDL Model. SciTech BioTech-Food Sciences 2023.

Received: November 06, 2023         Accepted: November 09, 2023         Published: November 09, 2023

Abstract

After the Corona pandemic and the Russian war on Ukraine, and climate change, the Food security issue is getting more attention, especially from researchers and economic decision-makers in the world. The object of this work was to assess An Econometric Analysis of Food Security and Related Economic, institutional, and environmental determinants in GCC Economies 1992-2022: PNARDL model. In this paper, we measure all the components of food security economically, institutionally, and environmentally. PNARDL model in Long-run estimations reveals that four macroeconomic variables and three variables to institutional quality related are positive and statistically significant. As well as the variable related to the environment is statistically significant. Further, short-run causalities between economic, institutional, and environmental variables and the achievement of food security are detected through the test of non-causality in a heterogeneous panel setting. The issue of food security in GCC countries is a question of threat in the short and long-term instability. So, it is important today to readjust some factors, variables, and indicators to ensure food security in GCC countries like controlling inflation and lowering food importation as short-term measures and preserving and improving the fertility of land under cereals and diversifying the sources of the GNP through development projects and structuring the economy in line with the challenges of food security and adopting climate change as long-term measures. The findings suggest that policymakers in the GCC countries should enhance robust macroeconomic conditions to support their\ Food Security and should strengthen the institutional quality drivers to stimulate the pace of rapid environmental and geopolitical developments in their countries.