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On the Decline of Agriculture.;Evidence from Italian Regions in the Post-WWII Period

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Author Info
Roberto ESPOSTI () (Universita' Politecnica delle Marche, Dipartimento di Economia)

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Abstract

This article investigates the long-run decline of the agricultural sector during economic development and its contribution to this process. A two-sector model is proposed where the share of agriculture, relative prices and capital accumulation are simultaneously determined within the economy. Under this general equilibrium framework, short-run adjustments with respect to long-run equilibria are admitted through a set of alternative dynamic specifications. The model is then applied to;the panel dataset of 20 Italian regions observed over the period 1951-2002 of dramatic economic development but still persistent disparities between Southern and Northern regions.

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File URL: http://dea2.univpm.it/quaderni/pdf/300.pdf
File Format: application/pdf
File Function: First version, 2007
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Publisher Info
Paper provided by Universita' Politecnica delle Marche (I), Dipartimento di Economia in its series Working Papers with number 300.

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Length: 97
Date of creation: Oct 2007
Date of revision:
Handle: RePEc:anc:wpaper:300

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Related research
Keywords: Panel data; SVAR Models; Structural change; agriculture;

Find related papers by JEL classification:
C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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This page was last updated on 2009-12-18.


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