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Economic Growth, Comparative Advantage and Agricultural Trade of Pacific Rim Countries

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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 need not. Neoclassical theory suggests that a country's comparative advantage in agriculture depends on its endowment of agricultural land relative to mineral resources and nonfarm capital, compared with endowment ratios in other countries. Over time, a country's agricultural comparative advantage will decline faster, the faster its mineral extraction, its growth in nonfarm capital per worker and its rates of nonfarm relative to farm technological change, again compared with other countries. Empirical support for this theory is provided by evidence from the diverse set of economies on the Pacific rim. The paper concludes with a discussion of likely future trends in comparative advantage and agricultural trade of Pacific rim countries, particularly Australia.

Suggested Citation

  • Anderson, Kym, 1983. "Economic Growth, Comparative Advantage and Agricultural Trade of Pacific Rim Countries," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 51(03), pages 1-18, December.
    • Handle: RePEc:ags:remaae:12518
    DOI: 10.22004/ag.econ.12518
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    References listed on IDEAS

    as
    1. Anderson, Kym, 1983. "Growth of agricultural protection in East Asia," Food Policy, Elsevier, vol. 8(4), pages 327-336, November.
    2. W. M. Corden, 1982. "Exchange Rate Policy and the Resources Boom," The Economic Record, The Economic Society of Australia, vol. 58(1), pages 18-31, March.
    3. Malcolm D. Bale & Ernst Lutz, 1981. "Price Distortions in Agriculture and Their Effects: An International Comparison," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 8-22.
    4. Corden, W M, 1982. "Exchange Rate Policy and the Resources Boom," The Economic Record, The Economic Society of Australia, vol. 58(160), pages 18-31, March.
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    Cited by:

    1. Akerman, Anders & Larsson, Anna & Naghavi, Alireza, 2011. "Autocracies and Development in a Global Economy: A Tale of Two Elites," Research Papers in Economics 2011:24, Stockholm University, Department of Economics.
    2. Todd Sanderson & Fredoun Z. Ahmadi‐Esfahani, 2009. "Testing Comparative Advantage in Australian Broadacre Agriculture Under Climate Change: Theoretical and Empirical Models," Economic Papers, The Economic Society of Australia, vol. 28(4), pages 346-354, December.
    3. Peng, Tso-Kwei, 1989. "Prices, Income And Farm Policy In Taiwan," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270473, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Anderson, Kym, 1990. "China's Economic Growth, Changing Comparative Advantages and Agricultural Trade," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 58(01), pages 1-20, April.
    5. Kym Anderson & Young-il Park, 1989. "China and the international relocation of world textile and clothing activity," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 125(1), pages 129-148, March.
    6. Tyers, Rodney & Anderson, Kym, 1985. "Price, Trade and Welfare Effects of Agricultural Protection: The Case of East Asia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 53(03), pages 1-28, December.

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