The Impact of Agriculture on Economic Growth in Southern Africa Development Community
- Author
- Mawere, Cleophas
- Title
- The Impact of Agriculture on Economic Growth in Southern Africa Development Community
- Abstract
-
The source of economic growth has since been a subject of discussion in the global economy and
most empirical results have yielded mixed results and sometimes conflicting evidence. This study
seeks to re-examine the relationship between agricultural and economic growth for 14 African
countries in Southern Africa Development Community in the period 2015-2018. The study applies
panel data model in order to unravel the relationship between economic growth and agricultural
production. Although the key relationship of interest is between real GDP growth and agriculture,
one additional control variables was included in the estimated model. This research was carried
out using secondary data. The regression analyses were performed using E-views statistical
package. The Hausman test was carried out in order to select the appropriate computational model
and the results were efficient under fixed effects. Moreover, the subjects included in the analysis
are functionally identical. Results from the empirical analysis provide that there is a positive
relationship between agricultural production and economic growth. This implies that improved
agriculture expenditure in previous period in Southern Africa Development Community will
generally increase economic growth in the current period. This confirms that agriculture in
Southern Africa Development Community has positive impact on economic growth.
- Date
- 2023
- Publisher
- BUSE
- Keywords
- The Impact of Agriculture on Economic Growth in Southern Africa Development Community
- Supervisor
- Dr. Kairiza
- Item sets
- Department of Economics
- Media
- Clephas Mawere.pdf
Part of The Impact of Agriculture on Economic Growth in Southern Africa Development Community