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The role of agriculture in the fast-growing Rwandan economy: Assessing growth alternatives:

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  • Diao, Xinshen
  • Bahiigwa, Godfrey
  • Pradesha, Angga

Abstract

This study assesses the future growth prospects of Rwanda. The report first focuses on broad economic growth using a rather aggregated 18-sector dynamic general equilibrium model to display the trade-off between rapid growth and structural change. The analysis shows that with the current investment pattern, rapid growth is possible but structural transformation is slow. With an overvalued exchange rate, growth in the tradable sector slows down and its share in the economy stays small. The importance of agriculture thus should be considered in the broad development strategy, for its role not only in poverty reduction but also in economic growth.

Suggested Citation

  • Diao, Xinshen & Bahiigwa, Godfrey & Pradesha, Angga, 2014. "The role of agriculture in the fast-growing Rwandan economy: Assessing growth alternatives:," IFPRI discussion papers 1363, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifprid:1363
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    References listed on IDEAS

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    1. Gaurav Datt & Martin Ravallion, 1998. "Farm productivity and rural poverty in India," Journal of Development Studies, Taylor & Francis Journals, vol. 34(4), pages 62-85.
    2. World Bank & International Finance Corporation, "undated". "Doing Business Economy Profile 2013," World Bank Other Operational Studies 27058, The World Bank.
    3. Fan, Shenggen, 2008. "Public expenditures, growth, and poverty in developing countries: Lessons from developing countries," Issue briefs 51, International Food Policy Research Institute (IFPRI).
    4. Marcelo Martinez & Montfort Mlachila, 2013. "The Quality of the Recent High-Growth Episode in Sub-Saharan Africa," IMF Working Papers 13/53, International Monetary Fund.
    5. Diao, Xinshen & Fan, Shenggen & Yu, Bingxin & Kanyarukiga, Sam, 2007. "Agricultural growth and investment options for poverty reduction in Rwanda:," IFPRI discussion papers 689, International Food Policy Research Institute (IFPRI).
    6. Fan, Shenggen (ed.), 2008. "Public expenditures, growth, and poverty: Lessons from developing countries," IFPRI books, International Food Policy Research Institute (IFPRI), number 978-0-8018-8859-5.
    7. World Bank & International Finance Corporation, "undated". "Doing Business Economy Profile 2013," World Bank Other Operational Studies 27057, The World Bank.
    8. Dani Rodrik, 2008. "The Real Exchange Rate and Economic Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(2 (Fall)), pages 365-439.
    9. Diao, Xinshen & Nwafor, Manson & Alpuerto, Vida & Akramov, Kamiljon & Salau, Sheu, 2010. "Agricultural growth and investment options for poverty reduction in Nigeria," IFPRI discussion papers 954, International Food Policy Research Institute (IFPRI).
    10. Otsuka, Keijiro, 2000. "Role of agricultural research in poverty reduction: lessons from the Asian experience," Food Policy, Elsevier, vol. 25(4), pages 447-462, August.
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    Cited by:

    1. repec:gam:jsusta:v:10:y:2018:i:6:p:1791-:d:149618 is not listed on IDEAS
    2. Diao, Xinshen & McMillan, Margaret, 2018. "Toward an Understanding of Economic Growth in Africa: A Reinterpretation of the Lewis Model," World Development, Elsevier, vol. 109(C), pages 511-522.
    3. Diao, Xinshen & McMillan, Margaret S., 2014. "Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model:," IFPRI discussion papers 1380, International Food Policy Research Institute (IFPRI).

    More about this item

    Keywords

    agricultural investments; Public investment; Agricultural growth; economic growth; Poverty; exports; Economic policies; Computable General Equilibrium (CGE) model;

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