ANALYTICAL STUDY FOR THE LIBYAN GROSS DOMESTIC PRODUCTION OF AGRICULTURE UNDER AGRICULTURAL DEVELOPMENT PLANS دراسة تحليلية للناتج المحلي الإجمالي والزراعي في ليبيا ودوره في خطط التنمية الزراعية | ||
| Journal of Agricultural Economics and Social Sciences | ||
| Article 5, Volume 6, Issue 5, May 2015, Pages 771-782 PDF (324.68 K) | ||
| Document Type: Original Article | ||
| DOI: 10.21608/jaess.2015.38953 | ||
| Author | ||
| خالد اللافي | ||
| قسم الاقتصاد الزراعي - کلية الزراعة – جامعة عمر المختار | ||
| Abstract | ||
| Since the discovery of oil in the 1950s of the previous century, Libya relied almost entirely on oil revenues as sponsor for economic development, where the oil contributes more than 50 % to GDP and about 75% of the export revenues. Libya sought to diversify its sources of income through plans and programmes for all intensive economic sectors depending on oil revenues, and this dependency a significant impact on GDP and Ag GDP as well as the per capita share of both. the economic development plans obviously influenced by world oil prices, as a result of lower oil prices in the early eighties and the economic embargo on Libya in 1992,GDP and Ag GDP has consequently been affected and also per capita of both. It is worth noting that after the settling international economic situation in Libya, GDP has considerably improved compared to development of Ag GDP and this has become clear through the great development in per capita of GDP, compared to per capita Ag GDP which has not seen remarkable development during the study periods. | ||
| Keywords | ||
| economic development; agricultural policy; Gross Domestic Production Gross Domestic Production (GDP); Agricultural Gross Domestic Production (Ag GDP); Per capita of GDP; per capita of Ag GDP; Growth rate and returns to scale | ||
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