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Trends of rural poverty and total factor productivity growth

Agriculture is the jugular vein of the economy of Pakistan. It has experienced robust economic growth since the dawn of Green Revolution. Generally periods of flourishing agriculture have been associated with prompt overall economic performance and visa-versa (World Bank, 1992). The average annual economic growth rate of about 4% during the last few decades has been above the mean population growth rate (GOP, 2002). Agriculture growth has made significant contribution to the overall economic growth during this period. The sustainable rate of growth in agriculture sector owes a great extent to technological progress along with public investment in irrigation, agriculture research and extension. Some statistics reveal that the real benefit of such a growth could not be translated to the poor particularly in 1990s. The failure of agriculture growth in trickling down the poor is generally visualized in the background of income inequality during the same growth period.

 

 

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