THE IMPACT OF PRIVATIZATION AND DEREGULATION ON NEW TECHNOLOGY DIFFUSION AND AGRICULTURAL GROWTH PERFORMANCE IN BANGLADESH - A MACRO VIEW

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Privatization and deregulation policies in modern agricultural input markets have influenced the rapid diffusion of new technologies in Bangladesh. During the privatization period, total rice area declined, while total rice production increased, signifying a remarkable achievement in improving land productivity. Rapid growth in the use of irrigation along with other technologies contributed to the significant increase in land productivity. Even the land-labor ratio decreased in the privatization period contributing significantly to an increase in total output and labor productivity. The present study concludes that privatization and deregulation policies enhanced effective growth of agricultural development in Bangladesh.

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