Agriculture as a Strategy to Operationalize Growth-Poverty-Inequality Nexus: Theory and Evidence

Ayodele Odusola ()
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Ayodele Odusola: Level 8, Metropark Building 351 Francis Baard Street CBD

Chapter Chapter 4 in Africa's Agricultural Renaissance, 2021, pp 139-161 from Springer

Abstract: Abstract Odusola articulates various theoretical perspectives on the agriculture-poverty-inequality interconnections (including classical, Orthodox Marxian, neoclassical, and structuralist approaches), the associated transmission mechanisms, and empirical findings from existing studies—providing an analytical basis for subsequent chapters. He argues that both theory and evidence illuminate factors that propagate the existence of small farm holders and seasonal unemployment, and how to organize production and distribution mechanisms to propel efficient allocation of resources across sectors. Theoretical and empirical expositions show that agricultural productivity, especially from small-scale farmers, is a potent factor in driving a virtuous relationship between agriculture, resource allocation, poverty, and inequality—and the resulting effects cut across agriculture-non-farm rural activities and the rural-urban continuum.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65748-2_4

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DOI: 10.1007/978-3-030-65748-2_4

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