Agricultural Productivity, Comparative Advantage, and Economic Growth

Arbeitspapier

The role of agricultural productivity in economic development is addressed in a two-sector model of endogenous growth in which a) preferences are non-homothetic and income elasticity of demand for the agricultural good is less than unitary, and b) the engine of growth is learning-by-doing in the manufacturing sector. For the closed economy case, the model predicts a positive link between agricultural productivity and economic growth, while, for the small open economy case, it predicts a negative link. This suggests that the openness of an economy should be an important factor when planning development strategy and predicting growth performance.

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• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion Paper ; No. 934

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Growth of Open Economies ; Macroeconomic Analyses of Economic Development ; One, Two, and Multisector Growth Models
• Thema: Agricultural Revolution ; Dutch Disease ; Endogenous Growth ; Engel's Law ; Industrail Revolution ; Learning-by-doing ; Regional Divergence

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Matsuyama, Kiminori
• Ereignis: Veröffentlichung
• (wer): Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
• (wo): Evanston, IL
• (wann): 1990

Weitere Informationen

• Handle: http://hdl.handle.net/10419/221293