IS AGRICULTURAL SECTOR GROWTH A PRECONDITION FOR ECONOMIC GROWTH? THE CASE OF SOUTH AFRICA
| Autor: | Daneswar Poonyth, Johann F. Kirsten, Rashid M. Hassan, M. Calcaterra |
|---|---|
| Rok vydání: | 2001 |
| Předmět: |
Economics and Econometrics
business.industry Economic sector Geography Planning and Development Growth model International trade Precondition Argument Agriculture Primary sector of the economy Development economics Economics International Development business Agronomy and Crop Science Productivity Agribusiness |
| Zdroj: | Agrekon. 40:269-279 |
| ISSN: | 2078-0400 0303-1853 |
| DOI: | 10.1080/03031853.2001.9524950 |
| Popis: | In this paper a simple growth model is adapted to explain the effect of the agricultural sectors' growth on the non-agricultural sector. The empirical results suggest that for a 1% growth in the agricultural sector, the non-agricultural sector responds by more than 1%. The results also confirm that productivity difference exists, the non-agricultural sector being more efficient in terms of input use. The empirical results supports the argument of President T. Mbeki, that South Africa should follow an “agricultural-led” growth strategy for successful development. |
| Databáze: | OpenAIRE |
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