Convergence in Agriculture of Some Asian Countries
 Growth of agriculture in Asia has exhibited an entirely different pattern from GDP growth. While growth in other sectors can be propelled with investments attracted through market-conducive policy changes, due to natural constraints in the factors of production for agriculture, growth must be driven by efficiency-inducing public expenditures and development assistance. Is it possible for Asian countries to attain equality in agricultural production?
This paper proposes an agricultural growth model to verify the agricultural convergence hypothesis among some Asian countries. Conditional convergence of agriculture is facilitated by foreign aid intended for agriculture and spatial externalities associated with foreign trade. However, foreign aid for agriculture may not serve the purpose of mobilizing resources for an environment conducive to development, but rather may function as a substitute to public expenditure for the sector.
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The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
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