Research Article

Aquaculture as an engine of economic growth: Evidence from second-generation panel and causality estimations on global aquaculture dynamics

Volume: 43 Number: 4 November 2, 2026
TR EN

Aquaculture as an engine of economic growth: Evidence from second-generation panel and causality estimations on global aquaculture dynamics

Abstract

This study investigates the impact of aquaculture production on economic growth across the top twenty aquaculture-producing countries for the 2001–2024 period. Accounting for cross-sectional dependence and slope heterogeneity, the study employs second-generation CIPS panel unit root tests, panel VAR Granger causality analysis, and fixed-effects estimation with Driscoll–Kraay robust standard errors. A dynamic panel specification is also employed to assess the robustness of the findings. A dynamic panel specification is also applied for robustness. The empirical findings confirm a strong Granger causality running from aquaculture to economic growth. Panel estimates indicate that a 1% increase in aquaculture output is associated with about 0.14% higher per-capita GDP, while CPI is also positively and significantly associated with GDP. These associations remain robust in the dynamic specification. Overall, the findings highlight aquaculture's vital macroeconomic role and emphasize the need to integrate circular economy principles into sustainable growth strategies.

Keywords

Supporting Institution

No support was received from any institution.

Project Number

Herhangi bir projeden fonlanmamıştır.

Ethical Statement

Ethics approval was not required because the study is based on country-level secondary economic and aquaculture data and did not involve human participants or experimental animals.

Thanks

None declared.

References

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  5. Driscoll, J. C. & Kraay, A. C. (1998). Consistent covariance matrix estimation with spatially dependent panel data. The Review of Economics and Statistics, 80(4), 549–560.
  6. Eyüboğlu, S., & Akmermer, B. (2024). The relationship between economic growth and fisheries production in Turkey. Aquaculture Studies, 24(2), Article AQUAST1017. https://doi.org/10.4194/AQUAST1017
  7. Fisher, R. A. (1932). Statistical methods for research workers. Oliver & Boyd.
  8. He, S., Alhamdi, F. M., Paramaiah, C., Hanif, S., & Nawaz, M. A. (2025). Role of blue economy and green economy in economic growth: Evidence from Pakistan. Natural Resources Forum, 49(3), 3280 3291. https://doi.org/10.1111/1477-8947.70009

Details

Primary Language

English

Subjects

Fisheries Management

Journal Section

Research Article

Publication Date

November 2, 2026

Submission Date

August 25, 2026

Acceptance Date

October 19, 2026

Published in Issue

Year 2026 Volume: 43 Number: 4

APA
Güreşçi, G., Çelik, M. Y., & Sönmez, A. Y. (2026). Aquaculture as an engine of economic growth: Evidence from second-generation panel and causality estimations on global aquaculture dynamics. Ege Journal of Fisheries and Aquatic Sciences, 43(4), 401-407. https://doi.org/10.12714/egejfas.43.4.09
AMA
1.Güreşçi G, Çelik MY, Sönmez AY. Aquaculture as an engine of economic growth: Evidence from second-generation panel and causality estimations on global aquaculture dynamics. EgeJFAS. 2026;43(4):401-407. doi:10.12714/egejfas.43.4.09
Chicago
Güreşçi, Gülçin, Mehmet Yunus Çelik, and Adem Yavuz Sönmez. 2026. “Aquaculture As an Engine of Economic Growth: Evidence from Second-Generation Panel and Causality Estimations on Global Aquaculture Dynamics”. Ege Journal of Fisheries and Aquatic Sciences 43 (4): 401-7. https://doi.org/10.12714/egejfas.43.4.09.
EndNote
Güreşçi G, Çelik MY, Sönmez AY (November 1, 2026) Aquaculture as an engine of economic growth: Evidence from second-generation panel and causality estimations on global aquaculture dynamics. Ege Journal of Fisheries and Aquatic Sciences 43 4 401–407.
IEEE
[1]G. Güreşçi, M. Y. Çelik, and A. Y. Sönmez, “Aquaculture as an engine of economic growth: Evidence from second-generation panel and causality estimations on global aquaculture dynamics”, EgeJFAS, vol. 43, no. 4, pp. 401–407, Nov. 2026, doi: 10.12714/egejfas.43.4.09.
ISNAD
Güreşçi, Gülçin - Çelik, Mehmet Yunus - Sönmez, Adem Yavuz. “Aquaculture As an Engine of Economic Growth: Evidence from Second-Generation Panel and Causality Estimations on Global Aquaculture Dynamics”. Ege Journal of Fisheries and Aquatic Sciences 43/4 (November 1, 2026): 401-407. https://doi.org/10.12714/egejfas.43.4.09.
JAMA
1.Güreşçi G, Çelik MY, Sönmez AY. Aquaculture as an engine of economic growth: Evidence from second-generation panel and causality estimations on global aquaculture dynamics. EgeJFAS. 2026;43:401–407.
MLA
Güreşçi, Gülçin, et al. “Aquaculture As an Engine of Economic Growth: Evidence from Second-Generation Panel and Causality Estimations on Global Aquaculture Dynamics”. Ege Journal of Fisheries and Aquatic Sciences, vol. 43, no. 4, Nov. 2026, pp. 401-7, doi:10.12714/egejfas.43.4.09.
Vancouver
1.Gülçin Güreşçi, Mehmet Yunus Çelik, Adem Yavuz Sönmez. Aquaculture as an engine of economic growth: Evidence from second-generation panel and causality estimations on global aquaculture dynamics. EgeJFAS. 2026 Nov. 1;43(4):401-7. doi:10.12714/egejfas.43.4.09