IDEAS home Printed from https://ideas.repec.org/h/pal/psachp/978-3-319-65259-7_5.html
   My bibliography  Save this book chapter

Capital Formation and the Exchange Rate

In: Agricultural Development and Economic Transformation

Author

Listed:
  • John W. Mellor

    (Cornell University
    John Mellor Associates, Inc.)

Abstract

Agriculture can speed economic transformation by financing capital for the urban sector. Some countries have extracted massively from agriculture in the context of little or no agricultural growth. The result has been reduced income in agriculture and even massive starvation. Overvalued exchange rates as a means of extracting from agriculture often have an unfavorable effect on agricultural growth. A contribution from agriculture has quite a different impact when agricultural productivity is growing rapidly through technological change. Taiwan illustrates how a wide variety of mechanisms for capital transfer from agriculture played a substantial positive role in the development of the urban industrial sector. A comparative statement of the role of trade in a rapid agricultural growth strategy is presented.

Suggested Citation

  • John W. Mellor, 2017. "Capital Formation and the Exchange Rate," Palgrave Studies in Agricultural Economics and Food Policy, in: Agricultural Development and Economic Transformation, chapter 0, pages 61-71, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-319-65259-7_5
    DOI: 10.1007/978-3-319-65259-7_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psachp:978-3-319-65259-7_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.