Production, Productivity, and Public Investment in East Asian Agriculture
Since the 1950s, agricultural growth in East Asia (China, Mongolia, North Korea, South Korea, and Taiwan) has reduced rural poverty and created a strong base for economic development. To gain a better understanding of the nature of this growth, we examine the sources of change in agricultural production and total factor productivity (TFP) and decompose the measurements into reform-based time periods. We also review studies that link public investments to agricultural growth and poverty reduction. We find that formulating growth-inducing and poverty-reducing strategies requires policymakers to understand the relative returns of different types of investments.
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