Agricultural Productivity and its Impact on Economic Development
A Comparative Analysis of Selected Countries
Keywords:
Agricultural Production, Economic Development, Employment, Agricultural DemandAbstract
The main purpose of this paper is to examine the role of agriculture in economic development. In this study, we looked at the inter-linkages between agriculture and other economic sectors using a multiple linear regression model. We have used a dimension reduction technique called PCA to identify the factors influencing agricultural production, and we have used multiple linear regressions to show the impact. Finally, we have formulated another multiple linear regression model to assess the impact of agriculture on economic development through employment generation and demand creation. The study has taken 35 countries out of 193 member countries as per World Bank classification, and further we have categorized them into three groups such as high (10), middle (15), and low (10) income groups. This study used the human development index (HDI) as a proxy for economic development. For employment, we used employment in agriculture/total employment (EA/ ET) as a proxy and for demand, we used gross value added (GVA) in agriculture/total consumption expenditure.
References
Akkad, A. A. (1990). Socio-Economic Factors Affecting Agricultural Development in Al-Hassa Oasis, Saudi. GeoJournal , 20 (3), 259-270.
Balisacan, A. M. (1989). Agriculture in Economic Development Strategies: The Philippines. ASEAN Economic Bulletin, 6 (1), 81-93.
Barbiero, T. P., & Brown, A. A. (1991). The role of agriculture in industrial development. The American Economist, 35 (1), 21-29.
Bashir, Z., & Ahmad, M. (2000). The role of agricultural growth in sowth asian countries and the affordability of food: An inter-country Analysis. The Pakistan Development Review , 39 (4), 751-767.
Beck, R. J., & Frymire, E. H. (1989). Factors Affecting Farmers' Attachments to Production Agriculture. North Central Journal of Agricultural Economics , 11 (4), 19-57.
Brempong, G. K. (1992). Agriculture and Industrialization in sub- saharan Africa. Journal of Third World Studies , 9 (1), 22-39.
Brusentsev, V., & Vroman, W. Disasters in the United States. US: W.E. Upjohn Institute.
Byerlee, D., Janvry, A. d., & Sadoulet, E. (2009). Agriculture for Development: Toward a New Paradigm. Annual Review of Resource Economics , 1, 15-18, c1-c3, 19-31.
Chang, J. J., Chen, B.-L., & Hsu, M. (2006). Agricultural Productivity and Economic Growth: Role of Tax Revenues and Infrastructures. Southern Economic Journal , 72 (4), 891-914.
Christensen, R. P., & Yee, H. T. (1964). The role of agricultural productivity in economic development. Journal of farm economics , 46 (5), 1051-1061.
Clute, R. E. (1982,). The Role of Agriculture in African Development. African Studies Review , 25 (4), 1-20.
Debnath, A., & Roy, N. (2012). Structural Change and Inter-Sectoral Linkages:The case of North-east India. Economic and Political Weekly , 47 (6), 72-76.
Felix, L. C., & Padfield, H. (1967). Organizational and Resource Factors Affecting Mexican Agricultural Development. Proceedings of the Annual Meeting , 40, 85-108.
Fogg, C. D. (1965). Economic and Social Factors Affecting the Development of Smallholder Agriculture in. Economic Development and Cultural Change , 13 (3), 278-292.
Gollin, D., Parente, S., & Rogerson, R. (2002). The role of agriculture in economic development. The American Economic Review , 92 (2), 160-164.
Gopinath, M., & Roe, T. L. (1996). Sources of Growth in U.S. GDP and Economy-Wide Linkages to the Agricultural Sector. Journal of Agricultural and Resource Economics, 21 (2), 325-340.
Griliches, Z. (1964). Research Expenditures, Education, and the Aggregate Agricultural Production Function. The American Economic Review , 54 (6), 961-974.
Jin, S., Huang, J., Hu, R., & Rozelle, S. (2002). The Creation and Spread of Technology and Total Factor Productivity in China's. American Journal of Agricultural Economics, 84 (4), 916-930.
Johnston, B. F., & Mellor, J. W. (1961). The role of agriculture in economic development. The American Economic Review, 4 (3), 566-593.
Jorgenson, D. (1967). Surplus Agricultural Labour and Development of a Dual Economy. Oxford Economic Papers , 19, 288-312.
Kao, C. H. (1965). The factor contribution of Agriculture to Economic Development. Asian Survey, 5 (11).
Karshenas, M. (2001). Agriculture and economic development in sub-Saharan Africa and Asia. Cambridge Journal of Economics, 25 (3), 315-342.
Khorami, A. R., & Pierof, D. S. (2013). The Role of Agriculture in Iran’s Economic Development. Research Journal of Applied Sciences, Engineering and Technology, 6 (11), 1928-1939.
Kuznets, S. (1963). Economic growth and the contribution of agriculture. Oxford uniersity press .
Lewis, W. A. (1965). A review of economic development. The American Economic Review, 55 (1/2), 1-16.
Lin, J. Y. (1992). Rural Reforms and Agricultural Growth in China. The American Economic Review, 82 (1), 34-51.
Mackie, A. B. (1964). The Role of Agriculture in Economic Growth and Development. Illionis Agricultural Economics, 4 (3), 1-10.
Stanley, L. (1957). Agriculture and Economic Development in Indonesia. Economic Botany, 11 (1), 3-39.
Van Doren, T. D., Hoag, L. D., & Field, T. G. (1999,). Political and Economic Factors Affecting Agricultural PAC Contribution Strategies. American Journal of Agricultural Economics, 81 (2), 397-407.
Wilber, C. K. (1969). The Role of Agriculture in Soviet Economic Development. Land Economics, 45 (1), 87-96.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Journal of Studies in Dynamics and Change (JSDC)
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Readers and users of the Journal of Studies in Dynamics and Change (JSDC) are free to Share — copy and redistribute the papers published in the journal in any medium or format. However, the user (1) must give appropriate credit, provide a link to the license, and indicate if changes were made. (2) May not use the material for commercial purposes (3) Must distribute your contributions under the same license as the original if any remix, transform, or build upon the material is done.
