1. Sectoral Productivity Growth and Poverty Reduction: National and Global Impacts.
- Author
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Ivanic, Maros and Martin, Will
- Subjects
- *
AGRICULTURAL productivity , *AGRICULTURAL industries , *POVERTY reduction , *ECONOMIC development , *AGRICULTURAL prices ,POVERTY in developing countries ,DEVELOPING countries - Abstract
Summary This paper examines the implications of productivity improvements in agriculture, industry, and services for global poverty. We find that, in poor countries, increases in agricultural productivity generally have a larger poverty-reduction effect than increases in industry or services. This differential declines as average incomes rise, partly because agriculture becomes smaller as a share of the economy, and partly because agricultural productivity growth becomes less effective in reducing poverty. The source of the poverty-reduction benefits from agricultural productivity growth changes as innovations are more widely adopted—moving from increases in producer returns to reductions in consumer prices. [ABSTRACT FROM AUTHOR]
- Published
- 2018
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