Suchergebnisse

The Southern African Development Community (SADC) countries, along with other African countries, have recognized and prioritized the agriculture sector as key to overall economic growth, poverty reduction, and enhancing food security and have accordingly committed themselves to implement several regionally, continentally and internationally shared targets or goals. These include the Comprehensive African Agriculture Development Program (CAADP), the SADC Regional Indicative Strategic Development Plan (RISDP) and the Millennium Development Goals (MDGs). Under CAADP, put together by the African Union's New Economic Partnership for Africa's Development (AU/NEPAD) and signed by African states in 2003, African governments committed to achieving annual agricultural growth of at least 6%. In order to ensure that sufficient resources were made available for the CAADP implementation, countries signed the AU Maputo Declaration in 2003 in which they agreed to increase national budgetary resources to the agriculture sector to at least 10% of their respective national budgets by 2008. The principle behind CAADP is to use agriculture-led growth to achieve the first MDG of halving poverty and hunger by 2015, a goal that is also set by SADC RISDP. ; Non-PR ; IFPRI2; ReSAKSS SA

This paper examines the impact of government sectoral expenditure on economic growth in Malawi. Using time series data from 1980 to 2007, cointegration analysis in the context of an error correction model was employed to estimate the growth effects of government expenditures in agriculture, education, health, defence, social protection and transport and communication. The short run results showed no significant relationship between government sectoral expenditure and economic growth. The long run results showed a significant positive effect on economic growth of expenditure on agriculture and defence. The expenditures on education, health, social protection and transportation and communication were negatively related to economic growth. To boost economic growth efficient management of resources allocated to all sectors should be emphasized.