IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-25060-4_6.html
   My bibliography  Save this book chapter

Economic Growth, Technological Change, and the Patterns of Food and Agricultural Trade in Asia

In: From Growth to Convergence

Author

Listed:
  • Thomas W. Hertel
  • Carlos E. Ludena
  • Alla A. Golub

Abstract

As growth in Asia continues to outpace that in the rest of the world, attention has once again focused on primary commodity markets. Rapidly growing demand, coupled with relatively inelastic supply, have been boosting prices for agricultural, energy, and mineral products. This chapter projects potential outcomes in this footrace between supply and demand for the year 2025, with a particular emphasis on food markets. It begins with an in-depth analysis of the fundamental drivers of change, including per capita consumer demand, population growth, accumulation of capital and labor, endowments of land by agro-ecological zone, as well as technological change. The last is found to be the critical factor in determining whether or not food prices will reverse their long-run downward trend, as well as determining the likely patterns of trade and structural change. Yet this aspect of economic growth is still not well understood.

Suggested Citation

  • Thomas W. Hertel & Carlos E. Ludena & Alla A. Golub, 2009. "Economic Growth, Technological Change, and the Patterns of Food and Agricultural Trade in Asia," Palgrave Macmillan Books, in: Fan Zhai (ed.), From Growth to Convergence, chapter 6, pages 175-210, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25060-4_6
    DOI: 10.1057/9780230250604_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rose, Steven K. & Golub, Alla & Hertel, Thomas & Sohngen, Brent, 2012. "Relative agricultural productivity and tropical deforestation," Conference papers 332227, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-25060-4_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.