Reaping Richer Returns: Public Spending Priorities for African Agriculture Productivity Growth
- ISBN-10
- 1464809372
- ISBN-13
- 9781464809378
- Category
- Business & Economics
- Pages
- 250
- Language
- English
- Published
- 2017-02-17
- Publisher
- Africa Development Forum
- Authors
- John Nash, Aparajita Goyal
Description
A crucial element in enhancing agricultural productivity growth in Africa is improving the provision of productive investments through more and better public spending in agriculture. Agricultural public spending in Africa not only lags behind other developing regions by several metrics of volume, it is also vitiated by misinvestment such as input subsidies programs and transfers that tend to benefit the better off, with insignificant gains for the poor. Shortcomings of the budgeting process also reduce spending effectiveness. Addressing the quality of public spending and the efficiency of resource use is perhaps even more important than addressing the level of spending. Investments in rural public goods combined with better policies and institutions have driven agricultural productivity growth around the world. The dividends from investments to strengthen markets, expand irrigation, develop and adopt improved technologies can be enormous. Despite high returns on such investments, Sub-Saharan African countries grossly underinvest in them. Rebalancing the composition of public agricultural spending would reap massive payoffs. To realize these benefits requires better choices about how to allocate public agricultural spending and how to ensure that budget processes support those allocations. And making those choices will require overcoming the inertia in policymaking that favors continuing with today s inefficient spending and that favors short-term visible programs over much higher, if less visible, long-term gains.
Get the book
Other editions
-
- 2017-03-10
- 350 pages
- Ebook
- World Bank Publications
Similar books
-
Taxation for Decision Makers, Binder Ready Version
By Shirley Dennis-Escoffier, Karen A. Fortin[LO 8.2] The Timberlake Corporation has an opportunity to sell its manufacturing facility to Carroll Corporation for $4,500,000. The property has a basis of ...
-
Taxation for Decision Makers, 2019 Edition
By Shirley Dennis-Escoffier, Karen A. Fortin[LO 9.2] The Timberlake Corporation has an opportunity to sell its manufacturing facility to Carroll Corporation for $4,500,000. The property has a basis of ...
-
Taxation for Decision Makers, 2020
By Shirley Dennis-Escoffier, Karen A. Fortin[LO 9.2] The Timberlake Corporation has an opportunity to sell its manufacturing facility to Carroll Corporation for $4,500,000. The property has a basis of ...
-
Keeping House in Lusaka
By Karen Tranberg Hansen1934. Memorandum on the Native Tribes and Tribal Areas of Northern Rhodesia . Lusaka : Government Printer . Timberlake , Michael , ed . 1985.
-
Encyclopedia of Community: From the Village to the Virtual World
By DAVID LEVINSON, KAREN CHRISTENSENTimberlake, L. (1987). Only one Earth. London: BBC Books: Earthscan. Tinker, I. (1987). Street foods: Testing assumptions about informal sector by women and ...
-
Taxation for Decision Makers 2006
By Shirley Dennis-Escoffier, Karen FortinThe Timberlake Corporation has an opportunity to sell its manufacturing facility to Carroll Corporation for $ 4,500,000 . The property has a basis of ...
-
Handbook of Organizational Performance: Behavior Analysis and Management
By William K Redmon, Thomas C Mawhinney, Carl Merle JohnsonTimberlake (1980, 1984) promulgated a behavioral-regulation analysis of learned performance that emphasizes the importance of behavioral.
-
Money and the Rule of Law: Generality and Predictability in Monetary Institutions
By Peter J. Boettke, Alexander William Salter, Daniel J. Smith190; Timberlake 1993, pp. 356–357). By increasing fiscal expenditures, President Carter may have successfully cornered the Fed into delaying tighter ...
-
Economic Politics: The Costs of Democracy
By William R. Keech, William R Keech( Timberlake , 1993 , p . 4 ) The same was true of the second Bank of the United States , which was chartered in 1816. However , under the leadership of ...
-
Handbook of Organizational Performance: Behavior Analysis and Management
By William K Redmon, Thomas C Mawhinney, Carl Merle JohnsonSchlinger, H. and Blakely, E. (1987). Function-altering effects of ... Timberlake, W. and Allison, J. (1974). Response deprivation: An empirical 48 HANDBOOK ...