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hanging Comparative Advantage in Agriculture: Theory and Pacific Basin Experience

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  • Anderson, Kym

Abstract

While agriculture's contribution to national output and employment tends to decline with economic growth, its contribution to exports may not. Rather, a country's comparative advantage in agriculture is shown to depend positively on its endowment of agricultural land relative to its mineral resources and non­farm capital and negatively on its income per hectare of agricultural land, com­pared with other countries. Over time, its agricultural comparative advantage will decline faster, the slower its rate of agricultural relative to nonagricultural technological change and the faster its rate of industrial growth, compared with these rates in other countries. The implications of this empricially-supported theory for Australia and other Pacific rim countries are then discussed along with some policy implications, particularly for the densely-populated, rapidly­ industrializing economies of South Korea and Taiwan.

Suggested Citation

  • Anderson, Kym, 1980. "hanging Comparative Advantage in Agriculture: Theory and Pacific Basin Experience," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 3(2), December.
  • Handle: RePEc:ags:jordng:287356
    DOI: 10.22004/ag.econ.287356
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    Cited by:

    1. Vollrath, Thomas L., 1983. "Factors Affecting Agricultural Trade: An Intercountry Empirical Inquiry," Staff Reports 324726, United States Department of Agriculture, Economic Research Service.
    2. Martin, Michael V. & Huh, Shin H. & MacDonald, John A., 1983. "Nonmarket and Noneconomic Considerations In evaluating Agricultural Trade Policy: The Case of the Republic of Korea," 1983 Occasional Paper Series No. 3 197314, International Association of Agricultural Economists.

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    Keywords

    Demand and Price Analysis;

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