Agriculture's Contribution to Overall Economic Growth: An Application of Kaldor's First Growth Law to Ghana

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Periodical article

Title:	Agriculture's Contribution to Overall Economic Growth: An Application of Kaldor's First Growth Law to Ghana
Authors:	Abdulai, Awudu Rieder, Peter
Year:	1996
Periodical:	African Development Review
Volume:	8
Issue:	1
Period:	June
Pages:	97-114
Language:	English
Geographic term:	Ghana
Subjects:	agricultural economy economic development Agriculture, Natural Resources and the Environment Economics and Trade
External link:	https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1467-8268.1996.tb00082.x
Abstract:	This paper makes use of Kaldor's first growth law to investigate the growth linkages between agriculture and the entire economy, as well as between the agricultural and nonagricultural sectors, in Ghana since independence in 1957. Annual growth rates data used in the analysis to examine the significance of agricultural growth to overall economic growth indicate that growth in the agricultural sector is quite essential for general economic growth. Two-state least square analysis employed to handle the issue of interdependence between the agricultural and nonagricultural sectors also reveals that the magnitude of the growth linkages between the agricultural and nonagricultural sectors is quite significant. Bibliogr., sum. in English and French.