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- W286576326 abstract "Pakistan is a relatively poor country. Per capita income for its 117 million people was $440 in 1992-93. Economic growth, however, has been strong, at 6 percent a year for the past thirty years. Although the share of agriculture in the economy has been slowly decreasing, agriculture is still the backbone of the economy, employing more than half the labor force and earning 70 percent of export revenues. Agriculture plays an important role-direct and indirect-in generating economic growth. A study of Asian countries where agriculture's share in the economy is significant found that a 1 percent increase in per capita agricultural growth leads to a 1.5 percent increase in per capita nonagricultural growth. This relationship has two explanations. First, agriculture has strong backward linkages and forward linkages. Second, increases in agricultural incomes are usually spent on locally produced goods and services, which have high income elasticity of demand and employment content. Structural adjustment programs are economic reform programs designed to eliminate distortions, sometimes created or exacerbated by internal and external shocks, which prevent efficient allocation of resources in the economy. The programs also aim at mobilizing new resources to help resume growth." @default.
- W286576326 created "2016-06-24" @default.
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- W286576326 date "1995-10-02" @default.
- W286576326 modified "2023-09-26" @default.
- W286576326 title "Pakistan - Structural and policy reforms for agricultural growth" @default.
- W286576326 hasPublicationYear "1995" @default.
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