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Determinants of agriculture's relative decline: Thailand

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  • Martin, Will J.
  • Warr, Peter G.

Abstract

During economic development, agriculture declines as a proportion of aggregate national output. A number of theoretical explanations for this phenomenon have been advanced in the economic literature, but their relative historical significance has not been clear. This paper develops an econometric methodology to analyze this issue and applies it to time series data for Thailand. The study investigates the importance of relative commodity prices, factor endowments and technical progress as explanations for changing sectoral GDP shares of agriculture, manufacturing and services. It is concluded that the movement in Thailand's aggregate factor endowment relative to labor was the most important determinant of agriculture's relative decline.
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Suggested Citation

  • Martin, Will J. & Warr, Peter G., 1994. "Determinants of agriculture's relative decline: Thailand," Agricultural Economics, Blackwell, vol. 11(2-3), pages 219-235, December.
  • Handle: RePEc:eee:agecon:v:11:y:1994:i:2-3:p:219-235
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    2. Falvey, Rodney E & Gemmell, Norman, 1991. "Explaining Service-Price Differences in International Comparisons," American Economic Review, American Economic Association, vol. 81(5), pages 1295-1309, December.
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    5. Anderson, Kym, 1987. "On Why Agriculture Declines with Economic Growth," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 1(3), October.
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    Cited by:

    1. Coxhead, Ian A., 1998. "Economic Boom, Financial Bust, And The Fate Of Thai Agriculture: Was Growth In The 1990s Too Fast?," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20791, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Aboagye, Anthony Q. & Gunjal, Kisan, 2000. "An analysis of short-run response of export and domestic agriculture in sub-Saharan Africa," Agricultural Economics, Blackwell, vol. 23(1), pages 41-53, June.
    3. Sun, Ling & Fulginiti, Lilyan E. & Peterson, E. Wesley F., 1999. "Technology, Factor Endowment, Prices And The Relative Decline Of Agriculture In Taiwan," 1999 Annual meeting, August 8-11, Nashville, TN 21700, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Martin, Will, 2001. "A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 545-567.
    5. Aboagye, Anthony Q. & Gunjal, Kisan, 2000. "An analysis of short-run response of export and domestic agriculture in sub-Saharan Africa," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 23(1), June.
    6. Esposti, Roberto, 2014. "On why and how agriculture declines," Structural Change and Economic Dynamics, Elsevier, vol. 31(C), pages 73-88.

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