Agricultural Distortions and Economic Growth in Southern Africa: Evidence from Mozambique, Zambia and Zimbabwe (1970-2011) – ScienceOpen
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      Agricultural Distortions and Economic Growth in Southern Africa: Evidence from Mozambique, Zambia and Zimbabwe (1970-2011)

      The Open Agriculture Journal
      Bentham Science Publishers Ltd.

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          Abstract

          Introduction:

          The first decade of 2000 was considered Africa’s decade of unprecedented growth as it was the fastest growing region in the world. This growth is believed to have largely been a benefit of the commodity super-cycle which is beginning to tail-off. Analysts perceive that growth in Africa is currently more threatened by global trends and region specific risks around agriculture and politics.

          Statement of the problem:

          It has been noted that African countries have experienced stagnant or declining agricultural productivity growth rates, increasing rural poverty, hunger and malnutrition coupled with low competitiveness in global markets over the decades.

          Methodology:

          Using the database on Distortions to Agricultural Incentives, the World Development Indicators and the Penn World Tables, the determinants of economic growth in Southern Africa and the impacts of a pro or anti agricultural policy regime on economic growth were investigated. In this study, three Southern Africa countries were investigated, that is, Mozambique, Zambia and Zimbabwe.

          Results:

          The Panel Data Analysis results suggest that 1% decrease in the degree of anti-agriculture policy bias results in a 0.1% increase in real per capita GDP. Further, 1% increase in the share of gross capital formation in GDP results in 0.04% increase in real per capita GDP.

          Conclusion:

          The study showed that reducing direct and indirect, implicit and explicit taxation to agriculture relative to non-agriculture sector would result in improved economic growth in the three Southern African countries of Zambia, Zimbabwe and Mozambique.

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          The Next Generation of the Penn World Table

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            A new data set of educational attainment in the world, 1950–2010

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              Catching Up, Forging Ahead, and Falling Behind

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                Author and article information

                Journal
                The Open Agriculture Journal
                TOASJ
                Bentham Science Publishers Ltd.
                1874-3315
                July 18 2017
                July 18 2017
                : 11
                : 1
                : 35-45
                Article
                10.2174/1874331501711010035
                cb494dd2-875e-4054-95d9-40ef72aa4472
                © 2017

                https://creativecommons.org/licenses/by/4.0/legalcode

                History

                Medicine,Chemistry,Life sciences
                Medicine, Chemistry, Life sciences

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