The Role of Agricultural Sector Productivity in Economic Growth: The Case of Iran's Economic Development Plan

Morteza Tahamipour and Mina Mahmoudi

Papers from arXiv.org

Abstract: This study provides the theoretical framework and empirical model for productivity growth evaluations in agricultural sector as one of the most important sectors in Iran's economic development plan. We use the Solow residual model to measure the productivity growth share in the value-added growth of the agricultural sector. Our time series data includes value-added per worker, employment, and capital in this sector. The results show that the average total factor productivity growth rate in the agricultural sector is -0.72% during 1991-2010. Also, during this period, the share of total factor productivity growth in the value-added growth is -19.6%, while it has been forecasted to be 33.8% in the fourth development plan. Considering the effective role of capital in the agricultural low productivity, we suggest applying productivity management plans (especially in regards of capital productivity) to achieve future growth goals.

Date: 2018-06
New Economics Papers: this item is included in nep-agr, nep-ara, nep-cwa and nep-eff
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Citations: View citations in EconPapers (2)

Published in Research in Applied Economics (2018), Vol 10, No 1

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1806.04235

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