Statistical Analysis of Agricultural Production and Income Per Capita Growth Rate in Uganda 1988-2022
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Date
2024
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Abstract
The relationship between Uganda's agricultural output and income per capita growth rate between 1988 and 2022 is examined using Statistical analysis. Multiple linear regression is used in the study to examine the data gathered during the designated time frame. The results show that agricultural output has been trending downward over time, but per capita income has been steadily rising. Table 4.2 in the analysis shows that agricultural production has a moderate impact on Uganda's income per capita growth rate, despite the country's diminishing agricultural output. These results are consistent with earlier studies, demonstrating the critical role that agriculture plays in the economic growth of countries, especially those with lower per capita incomes. Furthermore, the study shows a causal relationship—albeit one with a limited effect on total economic growth—between agricultural productivity and income per capita growth rate. These variables have statistically significant short- and long-term correlations, highlighting the long-lasting impact of agricultural activities on income levels throughout time. The study concludes by highlighting the significance of policies targeted at improving agricultural production, assisting the agricultural industry, and controlling variables like labor availability and interest rates to guarantee sustained income development and the decrease of poverty in Uganda. These findings offer insightful information for stakeholders, researchers, and politicians looking to advance the well-being and economic growth of agricultural economies