TREND ANALYSIS OF TECHNOLOGICAL AND AGRICULTURAL ECONOMIC GROWTH IN NEPAL
Ritesh Kumar Jha and Shiva Chandra Dhakal
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The trend of agricultural technologies and agricultural value-added growth based on time series data of Nepal over the period 2001–2018 has been examined in this paper. The technological progress plays a major role in enhancing the potential productivity of land and affecting the economic growth positively. The results indicated that there are some benefits from the utilization of a system of technological innovations including mechanization. It was found that technological innovations pertaining to soil conditions, irrigation systems and chemical fertilizers might be beneficial to agricultural production growth in the long-term when they are managed in accordance with soil characteristics and in a balanced way. Thus, it is recommended that Nepal makes a large scale investment in agriculture and carry on renewal at opportune moments so as to keep steady the positive trend of the agricultural growth over the years. The investment may be in terms of mechanized technologies, supporting infrastructure and appropriating the knowledge relating to their management; and adopting new farming technologies and practices involving crop rotation, multi-cropping and agro-forestry so as to sustain the growth of agricultural value added.