Agriculture, innovational ability, and dynamic comparative advantage of LDCs
AbstractThe goal of this paper is twofold: (1) to model a process of development based on the notion that the engine of growth is the generation of new ideas by skilled individuals, and (2) to explore the role of agricultural productivity growth in such a process. The key ingredients of our model are: preferences consistent with Engel's Law, and the asymmetry arising from there being a greater scope in industry than in agriculture for incremental innovation.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal The Journal of International Trade & Economic Development.
Volume (Year): 10 (2001)
Issue (Month): 3 ()
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- Kiminori Matsuyama, 1991.
"Agricultural Productivity, Comparative Advantage and Economic Growth,"
NBER Working Papers
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- Kiminori Matsuyama, 1990. "Agricultural Productivity, Comparative Advantage, and Economic Growth," Discussion Papers 934, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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- Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," NBER Working Papers 3577, National Bureau of Economic Research, Inc.
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