Does Agriculture Really Matter for Economic Growth in Developing Countries?

Titus Awokuse

No 49762, 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin from Agricultural and Applied Economics Association

Abstract: In recent decades, the potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. While some contend that agricultural development is a precondition to industrialization, others strongly disagree and argue for a different path. Taking advantage of recent developments in time series econometric methods, this paper re-examines the question of whether agriculture could serve as an engine of growth. Results from the empirical analysis provide strong evidence indicating that agriculture is an engine of economic growth. Furthermore, we find that trade openness has a positive effect on GDP growth.

Keywords: Agricultural and Food Policy; Community/Rural/Urban Development (search for similar items in EconPapers)
Pages: 27
Date: 2009
New Economics Papers: this item is included in nep-agr, nep-dev and nep-fdg
References: Add references at CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
https://ageconsearch.umn.edu/record/49762/files/AA ... ed_Growth_050109.pdf (application/pdf)

Related works:
Journal Article: Does Agriculture Really Matter for Economic Growth in Developing Countries? (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea09:49762

DOI: 10.22004/ag.econ.49762

Access Statistics for this paper

More papers in 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).