Impact of Macroeconomic Variables on Food Security in Saudi Arabia: Case Study of Poultry Meat
Impact of Macroeconomic Variables on Food Security in Saudi Arabia: Case Study of Poultry Meat
Fatimah Mohammed Alsarawi1*, Azharia Abdelbagi Elbushra1,2 and Ishtiag Faroug Abdalla1,3
ABSTRACT
Recently the food meat gap was increased in Saudi Arabia, due to population growth. Accordingly, the country became food import dependent, putting a burden on the government import bills. The purpose of this research was to analyze the performance of food security indicators of poultry meat during the period 2005-2020 in Saudi Arabia. In addition, it assessed the relationship between poultry meat consumption and macroeconomic indicators during the period 1980-2020. The Autoregressive Distributed Lag model was employed to estimate the short-run and long-run relationships between domestic consumption of poultry meat and Gross Domestic Products (GDP), consumer price index, meat price index and population. The results revealed that self-sufficiency of poultry meat was declining by 0.11% and the food gap increased by 24 thousand tons annually. The model results showed a statistically significant positive association between domestic consumption of poultry meat and GDP, and a negative significant statistically relationship with meat price index in the long run. Furthermore, the results depicted a positive significant relationship in the short run between domestic consumption of poultry meat and GDP. The study recommended improvement of poultry sector productivity and encouragement of foreign agricultural investment to ensure sustainable food supply and to fill the domestic production gap.
To share on other social networks, click on any share button. What are these?
