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Economic Importance of Agriculture for Poverty Reduction

Author

Listed:
  • Dalila Cervantes-Godoy

    (OECD)

  • Joe Dewbre

    (OECD)

Abstract

The Millennium Declaration set 2015 as the target date for halving the number of people living in extreme poverty. Exceptional progress in some developing countries makes achieving that goal globally a realistic possibility. However, many countries will fall far short, and up to 1 billion people are likely to remain destitute by the target date. Why are some countries doing better than others? This paper seeks to answer this question by looking for shared characteristics of twenty-five developing countries posting extraordinary success in reducing extreme poverty over the past twenty to twenty-five years. These countries were compared using indicators of their macro-economic characteristics and, especially, their agricultural economic characteristics. The countries chosen for analysis constitute a highly diverse mix. The group includes some of the poorest and some of the richest developing countries in the world, representing virtually all geographic regions. The countries also differ greatly in their systems of governance and economic management. Yet, they are surprisingly similar in their achievements, not only in reducing poverty, but across the broad range of macroeconomic and agricultural economic performance measures used to compare them. Findings from time-series, cross-section regression analysis reveal that while economic growth generally was an important contributor to poverty reduction, the sector mix of growth mattered substantially, with growth in agricultural incomes being especially important.

Suggested Citation

  • Dalila Cervantes-Godoy & Joe Dewbre, 2010. "Economic Importance of Agriculture for Poverty Reduction," OECD Food, Agriculture and Fisheries Papers 23, OECD Publishing.
  • Handle: RePEc:oec:agraaa:23-en
    as

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    File URL: http://dx.doi.org/10.1787/5kmmv9s20944-en
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    1. repec:gam:jsusta:v:9:y:2017:i:10:p:1841-:d:114935 is not listed on IDEAS
    2. repec:agr:journl:v:2(602):y:2015:i:2(602):p:123-138 is not listed on IDEAS
    3. Abro, Zewdu Ayalew & Alemu, Bamlaku Alamirew & Hanjra, Munir A., 2014. "Policies for Agricultural Productivity Growth and Poverty Reduction in Rural Ethiopia," World Development, Elsevier, vol. 59(C), pages 461-474.
    4. Soriano, Bárbara & Garrido, Alberto, 2015. "The role of private sector in development: The relation between public-private investment in infrastructure and agricultural exports in developing countries," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 15(2).
    5. Urquía-Grande, Elena & Rubio-Alcocer, Antonio, 2015. "Agricultural infrastructure donation performance: Empirical evidence in rural Ethiopia," Agricultural Water Management, Elsevier, vol. 158(C), pages 245-254.
    6. Tegebu, Fredu Nega & Hussein, Edris Seid, 2015. "Effects of regional trade agreements on trade in strategic," 2015 Conference, August 9-14, 2015, Milan, Italy 212634, International Association of Agricultural Economists.
    7. Mirela Ionela ACELEANU & Anca Gabriela MOLĂNESCU & Liliana CRĂCIUN & Cristina VOICU, 2015. "The status of Romanian agriculture and some measures to take," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(603), S), pages 123-138, Summer.
    8. Xiao Yu Wang, 2014. "Risk Sorting, Portfolio Choice, and Endogenous Informal Insurance," NBER Working Papers 20429, National Bureau of Economic Research, Inc.
    9. Bezat-Jarzębowska, Agnieszka & Rembisz, Włodzimierz & Sielska, Agata, 2012. "Growth model of agri-food production," Multiannual Program Reports 164837, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    10. repec:ers:journl:v:xx:y:2017:i:3b:p:309-320 is not listed on IDEAS
    11. Tomkins Alan J., 2012. "Combating Food Shortages in Least Developed Countries: Current Development Assistance Approaches," The Law and Development Review, De Gruyter, vol. 5(2), pages 27-55, December.

    More about this item

    Keywords

    agricultural development; Millennium development goals; poverty reduction;

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy

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