Impact of Blue Growth Factors on the Annual Growth of Asian Countries

Abstract

The main aim of the study is to analyses the effect of Factors Blue Growth factors I;e Aquaculture production, Agriculture forestry and fishery, and Total Fishery Production on the Annual growth of Asian Countries I;e Pakistan, Bangladesh, China, Japan and Malaysia. Secondary data from 1989 to 2019 was used for the analysis of 5 Countries. Contributing factors like Aquaculture production, Agriculture forestry and fishery, and Total Fishery Production are used to measure fishery production. Trade is used as Control Variable. It is found that the blue growth factors AP, AFF and TFP Play a significantly positive role in the Annual growth of Asian Countries. This study highlights that proper management and use of water resources can help stimulate economic and financial growth and address the challenges of food insecurity by improving the supply of seafood in developing countries. The study proposes that the sustainable management of water resources requires transnational alliances. The alliance will help understand the concept of the blue Growth and play a role in ensuring economic growth and financial growth in developing countries around the world.