MIT Press

Skip to Main Content

Table 6.

Determinants of Agriculture's Shares of Value Added, Employment, and Exports, 1991–2014 (%)

	Value Added	Employment	Exports
ln YPC	−46.855^***	−38.806^***	−48.918^*
	(−3.77)	(−3.56)	(−1.87)
ln YPC squared	2.201^**	1.522^**	3.123^**
	(3.23)	(2.39)	(2.18)
Agricultural endowment	1.539	2.218^**	3.159
	(1.48)	(2.07)	(1.52)
Agricultural TFP growth	2.811	−0.225	8.071^**
	(0.99)	(−0.18)	(2.33)
R-squared (adjusted)	0.40	0.45	0.22
Observations	1,995	2,088	1,669
No. of countries	99	98	95
Country fixed effects	Yes	Yes	Yes
Year fixed effects	Yes	Yes	Yes

	Value Added	Employment	Exports
ln YPC	−46.855^***	−38.806^***	−48.918^*
	(−3.77)	(−3.56)	(−1.87)
ln YPC squared	2.201^**	1.522^**	3.123^**
	(3.23)	(2.39)	(2.18)
Agricultural endowment	1.539	2.218^**	3.159
	(1.48)	(2.07)	(1.52)
Agricultural TFP growth	2.811	−0.225	8.071^**
	(0.99)	(−0.18)	(2.33)
R-squared (adjusted)	0.40	0.45	0.22
Observations	1,995	2,088	1,669
No. of countries	99	98	95
Country fixed effects	Yes	Yes	Yes
Year fixed effects	Yes	Yes	Yes

ln = natural logarithm, TFP = total factor productivity, YPC = income per capita.

Notes: t statistics in parentheses. ^*p < 0.1, ^**p < 0.05, ^***p < 0.01.

Source: Authors’ computations.