Farm Subsidies and Global Agricultural Productivity
Global agricultural production has grownmanyfold with the development of improved genetic varieties of crops and livestock.The average annual growth rate in agriculture was 2–3 percent during the period1961–2019. Developing countries are now catching up with developed countries inagricultural growth, largely driven by productivity growth in Southeast Asia,China, and Latin America. In his study for the
International Food PolicyResearch Institute, Abdullah Mamun examines the impact of subsidies onproductivity growth in agriculture globally, using a long time series on thenominal rate of assistance for 42 countries that covers over 80 percent ofagricultural production. The econometric results show heterogenous effects fromvarious subsidy instruments depending on the choice of productivity measure.
https://cgspace.cgiar.org
Related Articles:
