The contribution of agriculture to economic growth: some empirical evidence
Using cross-section data for the 1960s and the 1970s, this paper shows that the inter-country variation in industrial growth is significantly associated with the inter-country variation in agricultural growth over the development process. It further demonstrates that agricultural growth induces productivity increases and, therefore, facilitates overall economic growth. Moreover, the paper estimates that the role of agriculture seems to be no less important than that of exports in fostering productivity. As argued in the paper, this result may stem from the fact that rapid agricultural growth raises the efficiency of resource transfers (capital and labour) between the agricultural and non-agricultural sectors, an improvement that results in an increase in overall productivity. Moreover, rapid agricultural growth itself may reflect high agricultural productivity are also confirmed. Earlier findings on the positive contribution of export growth to an increase in productivity. In addition, it is shown that inflation has the opposite effect on productivity. c CAB International
| Main Authors: | , , , |
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| Format: | Texto biblioteca |
| Language: | eng |
| Published: |
Basingstoke, Hamshire (RU) Macmillan
1988
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| Summary: | Using cross-section data for the 1960s and the 1970s, this paper shows that the inter-country variation in industrial growth is significantly associated with the inter-country variation in agricultural growth over the development process. It further demonstrates that agricultural growth induces productivity increases and, therefore, facilitates overall economic growth. Moreover, the paper estimates that the role of agriculture seems to be no less important than that of exports in fostering productivity. As argued in the paper, this result may stem from the fact that rapid agricultural growth raises the efficiency of resource transfers (capital and labour) between the agricultural and non-agricultural sectors, an improvement that results in an increase in overall productivity. Moreover, rapid agricultural growth itself may reflect high agricultural productivity are also confirmed. Earlier findings on the positive contribution of export growth to an increase in productivity. In addition, it is shown that inflation has the opposite effect on productivity. c CAB International |
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