ePrints

Agricultural exports and economic growth in less developed countries

Lookup NU author(s): Dr Philip Dawson

Downloads

Full text for this publication is not currently held within this repository. Alternative links are provided below where available.

Abstract

This article examines the contribution of agricultural exports to economic growth in less developed countries (LDCs). A sources-of-growth equation is developed from a dual economy model where agricultural and nonagricultural sectors are both divided into export and nonexport subsectors. This is then estimated using panel data for 62 LDCs for 1974-1995. Results provide evidence that there are significant structural differences in economic growth between low, lower-middle, and upper-income LDCs. Investment in the agricultural export subsector has a statistically identical impact on economic growth as investment in the nonagricultural export subsector. The marginal productivities in nonexport subsectors are over 30% lower than those in respective export subsectors. From a policy perspective, the results suggest that export-promotion policies should be balanced.

Publication metadata

Author(s): Dawson PJ

Publication type: Article

Publication status: Published

Journal: Agricultural Economics

Year: 2005

Volume: 33

Issue: 2

Pages: 145-152

Print publication date: 01/09/2005

ISSN (print): 0169-5150

ISSN (electronic): 1574-0862

Publisher: Wiley

URL: http://dx.doi.org/10.1111/j.1574-0862.2005.00358.x

DOI: 10.1111/j.1574-0862.2005.00358.x

Altmetrics

Share