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An Econometric Model of Agricultural Wages in Bangladesh

Author

Listed:
  • Md Mizanur Rahman

    (Research Fellow, Bangladesh Institute of Development Studies (BIDS) .)

Abstract

n recent years, a consensus is emerging in favour of the trickle down hypothesis in traditional agriculture. However, any convincing evidence was still lacking in the Bangladesh context. To fill up this gap, the wage models of Rahman (1993) and Ravallion (1994) have shown that agricultural production affects rural wages positively in the short run, which may be interpreted to constitute evidence in favour of the trickle down hypothesis in the short run, but any long run evidence could not be discerned. However, this seems to suggest that possibly one required only the right sort of model for the purpose. To this end, this paper presents an error correction model of rural wages, which shows that agricultural production has significant favourable impact on rural wages in the long run. This may have obvious implications for designing poverty alleviation policies

Suggested Citation

  • Md Mizanur Rahman, 2009. "An Econometric Model of Agricultural Wages in Bangladesh," Bangladesh Development Studies, Bangladesh Institute of Development Studies (BIDS), vol. 32(3), pages 59-88.
    • Handle: RePEc:ris:badest:0486
    as

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    References listed on IDEAS

    as
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    3. Hall, S G, 1986. "An Application of the Granger & Engle Two-Step Estimation Procedure to United Kingdom Aggregate Wage Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 48(3), pages 229-239, August.
    4. Osmani, S.R., 1993. "Growth and Entitlements: The Analytics of the Green Revolution," Research Paper 108, World Institute for Development Economics Research.
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    More about this item

    Keywords

    Econometric Model; Agricultural Wages; Bangladesh;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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