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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
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Journal Article: Does Agriculture Really Matter for Economic Growth in Developing Countries? (2015) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea09:49762

DOI: 10.22004/ag.econ.49762

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