The role of agriculture in the fast-growing Rwandan economy: Assessing growth alternatives

Xinshen Diao, Godfrey Bahiigwa () and Angga Pradesha

No 1363, IFPRI discussion papers from International Food Policy Research Institute (IFPRI)

Abstract: This study assesses the future growth prospects of Rwanda. The report first focuses on broad economic growth using a rather aggregated 18-sector dynamic general equilibrium model to display the trade-off between rapid growth and structural change. The analysis shows that with the current investment pattern, rapid growth is possible but structural transformation is slow. With an overvalued exchange rate, growth in the tradable sector slows down and its share in the economy stays small. The importance of agriculture thus should be considered in the broad development strategy, for its role not only in poverty reduction but also in economic growth.

Keywords: public investment; economic growth; exports; investment; agricultural growth; economic policies; computable general equilibrium models; poverty; Rwanda; Middle Africa; Africa; Sub-Saharan Africa; Eastern Africa (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (4)

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https://hdl.handle.net/10568/150433

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Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifprid:1363

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