An Analysis of the Impact of Agriculture on Economic Growth in Sub-Saharan Africa (2000-2020) · Electronic Theses and Dissertations

Author: Marewo, Shamiso
Title: An Analysis of the Impact of Agriculture on Economic Growth in Sub-Saharan Africa (2000-2020)
Abstract: The ability of agriculture to supply extra labour, food, and intermediate inputs for agro processing companies makes it one of the primary drivers of economic expansion in the majority of SSA countries. Additionally, it helps nations to produce more foreign currency and opens up new markets for other sectors. Scholars have been arguing how agriculture affects economic growth in SSA countries, though, for a very long time. Others argue that agriculture is the driving force behind economic growth and a prerequisite for industrialization, despite recent empirical evidence from certain researchers to the contrary. However, this study uses value added per worker for 20 chosen Sub-Saharan African countries from 2000 to 2020 to analyse the connection between agriculture and economic growth. The data was provided by the internet accessible World Bank Development Indicators (WBDI). The data were analysed using both Fixed Effects Models (FEM) and Random Effects Models (REM). The findings imply that agriculture contributes to the economic expansion of Sub-Saharan African countries.
Date: 2022
Publisher: BUSE
Keywords: Economic
Supervisor: NA