Impact of Agricultural Production on Economic Growth in Zimbabwe from 1990 to 2020
- Author
- Chiukaka, Claudin. M
- Title
- Impact of Agricultural Production on Economic Growth in Zimbabwe from 1990 to 2020
- Abstract
-
This study was an investigation in the impact of agricultural production on the economic
growth of Zimbabwe from 1990 to 2020. The study hypothesized that agricultural production
has an impact on economic growth and several variables were included in the model to explain
the variations in the economic growth variables and ascertain whether in Zimbabwe, for the 31
years under review, agricultural production was significant to the economy’s growth. The study
employed the Ordinary Least Squared (OLS) method to estimate the regression model. The
study used agriculture, forestry and fishery (annual % growth), employment in agriculture (%
of total labor force), gross capital formation (% of GDP), and inflation, GDP deflator (annual
%) as the independent variables and GDP growth (annual %) as the dependent variable. The
results showed that for the period under investigation, agriculture has a positive impact on
economic growth. The study also revealed that there exists a positive relationship between
employment in agriculture and economic growth. These outcomes suggest that agricultural
sector production has a contribution to GDP that facilitates economic growth and this was also
supported by the theoretical and empirical evidence provided. The study thus provided enough
statistical evidence to reject the null hypothesis of agriculture having no impact on economic
growth in Zimbabwe, and concluded to accept the alternative hypothesis that agriculture has
an impact on economic growth. Based on the outcomes of the study, recommendations were
made to ensure that the agricultural sector and its production develops as this is necessary in
the early stages of development and is an engine of economic growth. - Date
- 2023
- Publisher
- BUSE
- Keywords
- Agricultural Production on Economic Growth in Zimbabwe from 1990 to 2020
- Supervisor
- Dr. Damiyano
- Item sets
- Department of Economics
Part of Impact of Agricultural Production on Economic Growth in Zimbabwe from 1990 to 2020