Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan

Naftaly Gisore Mose

doi:doi:10.11648/j.ijec.20190302.12

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Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan

Naftaly Gisore Mose

Published in International Journal of Environmental Chemistry (Volume 3, Issue 2)

Received: 10 March 2019 Accepted: 29 April 2019 Published: 24 December 2019

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Abstract

Agricultural sector contribute about 36% of the East African Community’s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC (East African Countries) suffer from hunger and the agricultural sector still retains a lot of untapped potential, specifically for commercial farming. However, economic growth target for agriculture sector can be achieved by stimulating three factors; capital, labor and total productivity of capital and labor through R&D. This study applied panel random effect model on EAC countries data, 2000-2014. Random effects regression results showed that all explanatory variables had a significant and positive relationship with the dependent variable. From the findings the study recommends: R&D to be allocated more funds; more research scientists and agricultural labourers to be employed; R&D based knowledge to be disseminated to the public through publications; firms to train agricultural labourers on how new technologies are being used and also to allocate them duties and responsibilities that match their skills and that agricultural capital costs be subsidised.

Published in	International Journal of Environmental Chemistry (Volume 3, Issue 2)
DOI	10.11648/j.ijec.20190302.12
Page(s)	59-64
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Agricultural Sector Growth, Labour, Capital, Research and Development, EAC, Economic Growth

References

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Naftaly Gisore Mose. (2019). Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan. International Journal of Environmental Chemistry, 3(2), 59-64. https://doi.org/10.11648/j.ijec.20190302.12

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ACS Style

Naftaly Gisore Mose. Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan. Int. J. Environ. Chem. 2019, 3(2), 59-64. doi: 10.11648/j.ijec.20190302.12

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AMA Style

Naftaly Gisore Mose. Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan. Int J Environ Chem. 2019;3(2):59-64. doi: 10.11648/j.ijec.20190302.12

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@article{10.11648/j.ijec.20190302.12,
  author = {Naftaly Gisore Mose},
  title = {Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan},
  journal = {International Journal of Environmental Chemistry},
  volume = {3},
  number = {2},
  pages = {59-64},
  doi = {10.11648/j.ijec.20190302.12},
  url = {https://doi.org/10.11648/j.ijec.20190302.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijec.20190302.12},
  abstract = {Agricultural sector contribute about 36% of the East African Community’s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC (East African Countries) suffer from hunger and the agricultural sector still retains a lot of untapped potential, specifically for commercial farming. However, economic growth target for agriculture sector can be achieved by stimulating three factors; capital, labor and total productivity of capital and labor through R&D. This study applied panel random effect model on EAC countries data, 2000-2014. Random effects regression results showed that all explanatory variables had a significant and positive relationship with the dependent variable. From the findings the study recommends: R&D to be allocated more funds; more research scientists and agricultural labourers to be employed; R&D based knowledge to be disseminated to the public through publications; firms to train agricultural labourers on how new technologies are being used and also to allocate them duties and responsibilities that match their skills and that agricultural capital costs be subsidised.},
 year = {2019}
}

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TY  - JOUR
T1  - Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan
AU  - Naftaly Gisore Mose
Y1  - 2019/12/24
PY  - 2019
N1  - https://doi.org/10.11648/j.ijec.20190302.12
DO  - 10.11648/j.ijec.20190302.12
T2  - International Journal of Environmental Chemistry
JF  - International Journal of Environmental Chemistry
JO  - International Journal of Environmental Chemistry
SP  - 59
EP  - 64
PB  - Science Publishing Group
SN  - 2640-1460
UR  - https://doi.org/10.11648/j.ijec.20190302.12
AB  - Agricultural sector contribute about 36% of the East African Community’s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC (East African Countries) suffer from hunger and the agricultural sector still retains a lot of untapped potential, specifically for commercial farming. However, economic growth target for agriculture sector can be achieved by stimulating three factors; capital, labor and total productivity of capital and labor through R&D. This study applied panel random effect model on EAC countries data, 2000-2014. Random effects regression results showed that all explanatory variables had a significant and positive relationship with the dependent variable. From the findings the study recommends: R&D to be allocated more funds; more research scientists and agricultural labourers to be employed; R&D based knowledge to be disseminated to the public through publications; firms to train agricultural labourers on how new technologies are being used and also to allocate them duties and responsibilities that match their skills and that agricultural capital costs be subsidised.
VL  - 3
IS  - 2
ER  -

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Author Information

Naftaly Gisore Mose

School of Economics, University of Eldoret, Eldoret, Kenya

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APA Style

Naftaly Gisore Mose. (2019). Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan. International Journal of Environmental Chemistry, 3(2), 59-64. https://doi.org/10.11648/j.ijec.20190302.12

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ACS Style

Naftaly Gisore Mose. Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan. Int. J. Environ. Chem. 2019, 3(2), 59-64. doi: 10.11648/j.ijec.20190302.12

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AMA Style

Naftaly Gisore Mose. Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan. Int J Environ Chem. 2019;3(2):59-64. doi: 10.11648/j.ijec.20190302.12

Copy | Download

@article{10.11648/j.ijec.20190302.12,
  author = {Naftaly Gisore Mose},
  title = {Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan},
  journal = {International Journal of Environmental Chemistry},
  volume = {3},
  number = {2},
  pages = {59-64},
  doi = {10.11648/j.ijec.20190302.12},
  url = {https://doi.org/10.11648/j.ijec.20190302.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijec.20190302.12},
  abstract = {Agricultural sector contribute about 36% of the East African Community’s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC (East African Countries) suffer from hunger and the agricultural sector still retains a lot of untapped potential, specifically for commercial farming. However, economic growth target for agriculture sector can be achieved by stimulating three factors; capital, labor and total productivity of capital and labor through R&D. This study applied panel random effect model on EAC countries data, 2000-2014. Random effects regression results showed that all explanatory variables had a significant and positive relationship with the dependent variable. From the findings the study recommends: R&D to be allocated more funds; more research scientists and agricultural labourers to be employed; R&D based knowledge to be disseminated to the public through publications; firms to train agricultural labourers on how new technologies are being used and also to allocate them duties and responsibilities that match their skills and that agricultural capital costs be subsidised.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Estimates of Factors Affecting Economic Growth in the Agricultural Sector in the Development Plan
AU  - Naftaly Gisore Mose
Y1  - 2019/12/24
PY  - 2019
N1  - https://doi.org/10.11648/j.ijec.20190302.12
DO  - 10.11648/j.ijec.20190302.12
T2  - International Journal of Environmental Chemistry
JF  - International Journal of Environmental Chemistry
JO  - International Journal of Environmental Chemistry
SP  - 59
EP  - 64
PB  - Science Publishing Group
SN  - 2640-1460
UR  - https://doi.org/10.11648/j.ijec.20190302.12
AB  - Agricultural sector contribute about 36% of the East African Community’s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC (East African Countries) suffer from hunger and the agricultural sector still retains a lot of untapped potential, specifically for commercial farming. However, economic growth target for agriculture sector can be achieved by stimulating three factors; capital, labor and total productivity of capital and labor through R&D. This study applied panel random effect model on EAC countries data, 2000-2014. Random effects regression results showed that all explanatory variables had a significant and positive relationship with the dependent variable. From the findings the study recommends: R&D to be allocated more funds; more research scientists and agricultural labourers to be employed; R&D based knowledge to be disseminated to the public through publications; firms to train agricultural labourers on how new technologies are being used and also to allocate them duties and responsibilities that match their skills and that agricultural capital costs be subsidised.
VL  - 3
IS  - 2
ER  -

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