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Employment And Real Income Of Agriculture In India, China And Oecd Countries: Econometric Models And Evolution 1950-2000

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  • GUISAN
  • Maria-Carmen
  • EXPOSITO
  • Pilar

Abstract

One of the most striking changes in socio-economic life of OECD countries during the 20th century has been the diminution of the share of agricultural income and employment in the economic activity. Many rural areas have experienced important migratory movements to larger villages and towns, in search of employment and income in non-agrarian activities elsewhere. Here we analyse the main factors which explain those changes in OECD countries during the 20th century and the challenges that similar movements could represent for India, China, and other developing countries, in the first decades of the 21st century. We present three econometric models to explain the evolution of agrarian employment in India and China in1950-2000, and analyse the perspectives of diminution of this variable in during the next decades. The main conclusion points to the great importance of fostering economic policies focused on human capital and industrial development in order to achieve higher levels of non-agrarian employment at national and regional level.

Suggested Citation

  • GUISAN & Maria-Carmen & EXPOSITO & Pilar, 2004. "Employment And Real Income Of Agriculture In India, China And Oecd Countries: Econometric Models And Evolution 1950-2000," The IUP Journal of Applied Economics, IUP Publications, vol. 0(5), pages 7-17, September.
    • Handle: RePEc:icf:icfjae:v:03:y:2004:i:5:p:7-17
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    Cited by:

    1. SABREEN, Maryam & BEHERA, Deepak Kumar, 2021. "Rural Household’S Participation In Non-Farm Economic Activities In India Using Binary Logistic Regression Model," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 21(1), pages 5-16.
    2. GUISAN, Maria-Carmen, 2023. "World Development in the 20th century: Evolution and Econometric Model," ESTUDIOS ECONOMICOS EECHAPTER, in: M. Carmen Guisan Seijas (ed.), Education And International Development, 1960-2000: Economic Studies Of Oecd Countries, Latin America, Europe, Africa And Asia,, edition 1, volume 1, chapter 1, pages 5-32, Euro-American Association of Economic Development.
    3. Hrushikesh MALLICK, 2023. "Role Of Climate Change, Institutional Credit And Public Sector Investment In Agricultural Productivity In India, 1970-2018," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 23(1), pages 125-158.
    4. GUISAN, Maria-Carmen & AGUAYO, Eva & EXPOSITO, Pilar, 2014. "Econometric Model Of Manufacturing, Investment And Development In 30 Countries Of Asia-Pacific," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(2).
    5. GUISAN, Maria-Carmen & EXPOSITO, Pilar, 2012. "Investment, Poverty And Development In Asia-Pacific Countries: Econometric Models And Evolution, 2000-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 12(1).

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