Open AccessAssessing the Contribution of Agriculture for Boosting Nepalese Economy
Author(s) -
Omkar Poudel,
Khom Raj Kharel,
Yadav Mani Upadhyay
Publication year - 2021
Publication title -
bmc journal of scientific research
Language(s) - English
Resource type - Journals
eISSN - 2773-8191
pISSN - 2594-3421
DOI - 10.3126/bmcjsr.v4i1.42246
Subject(s) - agriculture , economics , economic sector , food security , primary sector of the economy , productivity , poverty , agricultural economics , agricultural productivity , development economics , economic growth , economy , geography , archaeology
Agriculture sector is the main components of economic development of developing countries likeNepal. This sector contributes boosting economy in terms of GDP, employment and food security,as more than 60% of Nepalese residents chose agriculture as their primary source of income. Theincrease in output and productivity in this sector is crucial for reducing poverty through long-term,high-growth economic growth. Increased agricultural production and output are important contrib-utors to the country's overall economic development. This study aims to look at how the agriculturesector contributes to the Nepalese economy's growth. Using data collected over a 20-year period,a simple linear regression model has applied to determine the economic impact of farm sector pro-duction on real GDP. The study finds a positive impact of agriculture sector on real GDP and othersectors. Though, agriculture sector has been facing diversified challenges improving its productionin Nepal.