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Does Agriculture Really Matter for Economic Growth in Developing Countries? AgEcon
Awokuse, Titus O..
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.
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Economic growth; ARDL; Developing countries; Agricultural and Food Policy; Community/Rural/Urban Development; C23; O11; 041.
Ano: 2009 URL: http://purl.umn.edu/49762
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The Impacts of Ethanol on the US Catfish Farm Sector AgEcon
Zheng, Hualu; Muhammad, Andrew; Herndon, Cary W., Jr..
In this study, we estimated catfish feed and farm price reduced form equations. Of particular importance was the impact of the recent increase in grain prices induced by ethanol production on feed cost and farm prices. This relationship was examined using an autoregressive distributed lag (ARDL) model. Results show that a 1% increase in corn prices caused a 0.134% and 0.263% increase in feed prices in the short- and long-run, respectively. Catfish farm prices increased by 0.106% (short-run) and 0.211% (long-run) given a 1% increase in feed prices. Between 2004 and 2008, corn prices increased from $2 to $6 per bushels. Taheripour and Tyner (2008) state that of the total increase, 25% was due to US ethanol subsidies and 75% was due to the increase in the...
Tipo: Conference Paper or Presentation Palavras-chave: Catfish; Price; Catfish feed; Ethanol; Autoregressive distributed lag model; ARDL; Demand and Price Analysis; Research Methods/ Statistical Methods.
Ano: 2009 URL: http://purl.umn.edu/46248
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