The Role of Agriculture in Development
AbstractA longstanding question in economics is why some countries are so much richer than others. Today, for example, income per capita in the world's richest countries is roughly thirty-five times greater than it is in the world's poorest countries. Recent work argues that the proximate cause of the disparity is that today's poor countries began the process of industrialization much later and that this process is slow. In this paper we argue that a model of structural transformation provides a useful theory of both why industrialization occurs at different dates, and why it proceeds slowly. A key implication of this model is that growth in agricultural productivity is central to development, a message that also appears prominently in the traditional development literature.
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Bibliographic InfoPaper provided by Department of Economics, Williams College in its series Center for Development Economics with number 2002-09.
Length: 13 pages
Date of creation: Oct 2002
Date of revision:
Publication status: published in American Economic Review Papers and Proceedings 92(2) May 2002: 160-164.
Other versions of this item:
- O0 - Economic Development, Technological Change, and Growth - - General
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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