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Business and Economics > Industries: Food

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Agriculture: General x
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Cover IMF Working Papers
Hanging Out to Dry? Long-term Macroeconomic Effects of Drought in Fragile and Conflict-Affected States
Kalin I Tintchev
and
Laura Jaramillo
Using a comprehensive drought measure and a panel autoregressive distributed lag model, the paper finds that worsening drought conditions can result in long-term scarring of real GDP per capita growth and affect long-term price stability in Fragile and Conflict-Affected States (FCS), more so than in other countries, leaving them further behind. Lower crop productivity and slower investment are key channels through which drought impacts economic growth in FCS. In a high emissions scenario, drought conditions will cut 0.4 percentage points of FCS’ growth of real GDP per capita every year over the next 40 years and increase average inflation by 2 percentage points. Drought will also increase hunger in FCS, from alreay high levels. The confluence of lower food production and higher prices in a high emissions scenario would push 50 million more people in FCS into hunger. The macroeconomic effects of drought in FCS countries are amplified by their low copying capacity due to high public debt, low social spending, insufficient trade openness, high water insecurity, and weak governance.
Keywords:
climate change; long-term growth and inflation; climate policy; drought condition; FCS country; FCS group specification; drought measure; FCS' growth; Natural disasters; Food production; Productivity; Global; Sub-Saharan Africa
Cover IMF Policy Discussion Papers
Agricultural Growth in Sub-Saharan African Countries and China
Mr. Mahmood Hasan Khan
and
Mr. Mohsin S. Khan
Agriculture remains the dominant sector in the economies of most Sub-Saharan African countries. However, the experience of agricultural growth in the region stands in sharp contrast to the robust performance of agriculture in many Asian countries, particularly China. In a number of African countries, labor productivity has fallen and land productivity has not risen significantly. In China, on the other hand, land and labor productivities have increased steadily over the past two decades. An examination of factors underlying the contrasting experiences of China and countries in Sub-Saharan Africa reveals important differences in the institutional and policy environments affecting the use of new and profitable technologies to raise land and labor productivities.
Keywords:
PDP; State purchase prices; state investment; rainfed land; agriculture sector; countries in Sub-Saharan Africa; African country; agriculture value; Agricultural sector; Agricultural commodities; Food production; Infrastructure; Agricultural policy; Africa; Sub-Saharan Africa